Glencore Secures $500 Million US Deal for Strategic Mineral Reserve

Glencore has partnered with the U.S. government to launch a new strategic critical minerals reserve.

The Export-Import Bank of the United States (EXIM) committed $500 million to fund the initiative.

This public-private partnership, titled VaultCo, aims to protect American industrial supply chains from global disruptions.

Glencore will oversee the sourcing, procurement, and delivery of all critical minerals for the reserve.

The arrangement integrates EXIM financing with Glencore’s international network for supplying base metals and key commodities.