Glencore receives $500 million commitment from the US Export-Import Bank to build strategic mineral reserves

Glencore announced on Wednesday that it has secured a $500 million funding commitment from the Export-Import Bank of the United States to establish a strategic critical mineral reserve, aiming to enhance the resilience of the U.S. supply chain. The company stated that VaultCo—a public-private partnership between the global mining giant and U.S. government agencies—will enable Glencore to source, procure, and deliver critical minerals for the U.S., thereby reducing the risk of future disruptions to the country’s critical mineral supply.