WASHINGTON — The White House announced plans to create a $12 billion U.S. stockpile of critical and rare earth minerals to reduce reliance on foreign suppliers, a White House official said. The initiative aims to secure materials vital for national security, advanced manufacturing, and high-technology industries.
The stockpile will focus on minerals used in defense systems, electronics, clean energy technologies, and other strategic sectors, including missiles, satellites, electric vehicles, and wind turbines. U.S. officials cited supply disruptions, trade disputes, and geopolitical tensions as risks to current dependence on foreign sources.
Federal agencies, including those responsible for national security, energy, and commerce, will manage the program. The stockpile is expected to include raw ores and processed materials, drawing from lists of critical minerals such as lithium, cobalt, graphite, and rare earth elements.
Congress and executive branch agencies have raised concerns about long-term access to these minerals. Lawmakers have highlighted the potential impact of shortages on defense programs and industrial capacity.
The structure of the stockpile, including sourcing, storage, and management, has not been fully detailed. Officials said the program may involve domestic mining and processing, as well as partnerships with allied countries to diversify supply.
The United States has maintained strategic reserves of certain materials in the past through the National Defense Stockpile. The new initiative represents an expansion targeting minerals where foreign dependence is highest.
Industry groups in mining, technology, and manufacturing are monitoring the plan for its potential effects on supply, pricing, and global markets. Officials said further details on procurement and management will be released as the program develops.
