Mercuria commits $500 million to a US strategic-minerals reserve initiative.
Commodities trader Mercuria has committed $500 million to Project Vault, an initiative intended to build US strategic inventories of critical minerals.
By TomorrowNews · AI-assisted briefing · Briefing published 24 September 2026
AI-generated illustration — not a photograph of the event. Conceptual critical-minerals storage and investment; not a Mercuria or Project Vault facility. · TomorrowNews / AI-generated illustration
Project Vault is being developed with support from the Export-Import Bank of the United States to help industrial users retain access to critical minerals during supply disruptions. Mercuria announced its commitment during the UN General Assembly gathering in New York.
Glencore was also named a founding partner. The initiative arrives as policymakers and manufacturers focus on concentrated mining, refining and magnet-production capacity in China.
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