That is just one major reason among others for discussions over Greenland.
EXCLUSIVE: Industry experts warn the United States is "one crisis away" from losing access to the rare earth elements that power everything from fighter jets to electric vehicles — a vulnerability President Donald Trump’s new $12 billion "Project Vault" aims to address.
The initiative, backed by $1.67 billion in private seed money and a $10 billion loan from the Export-Import Bank, would create a federally supported stockpile of rare earth elements and other critical minerals. The U.S. currently imports much of those materials from China.
Executives from Graphite One, one of the country’s largest critical mineral developers, told Fox News Digital the effort could mark a turning point in the battle over China’s dominance of global supply chains.
"The Chinese are willing to weaponize access to … semiconductor materials like gallium and uranium," Graphite One advisor Dan McGroarty said. "Then they turn off the tap and sort things out, give us a one-year reprieve, you know, it’s a leash and they can yank that leash anytime they want."
EXCLUSIVE: Industry experts warn the United States is "one crisis away" from losing access to the rare earth elements that power everything from fighter jets to electric vehicles — a vulnerability President Donald Trump’s new $12 billion "Project Vault" aims to address.
The initiative, backed by $1.67 billion in private seed money and a $10 billion loan from the Export-Import Bank, would create a federally supported stockpile of rare earth elements and other critical minerals. The U.S. currently imports much of those materials from China.
Executives from Graphite One, one of the country’s largest critical mineral developers, told Fox News Digital the effort could mark a turning point in the battle over China’s dominance of global supply chains.
"The Chinese are willing to weaponize access to … semiconductor materials like gallium and uranium," Graphite One advisor Dan McGroarty said. "Then they turn off the tap and sort things out, give us a one-year reprieve, you know, it’s a leash and they can yank that leash anytime they want."