10/02/2026
Last week, the US proposed 'Project Vault' at a conference in Washington, where some of the world's richest countries gathered to set the direction of key policies for the minerals needed for modern technologies. And what was clear was who wasn’t part of the talks.
'Project Vault' is effectively a restructuring of its critical minerals policy, designed to decrease reliance on China for rare earth and other minerals to create a US-led supply chain ecosystem that will source and stockpile minerals and allow allies, and private manufacturers, to buy materials at stable prices.
Emily Iona-Stewart, our Head of Policy and Advocacy, spoke to Al Jazeera on what 'Project Vault' might mean in the global rush for critical minerals, the crucial question being where are the stockpiled minerals coming from and do those countries have a say in the decision-making.
Missing from the table at the conference, were the world's resource-rich countries from the Global South, places like Zimbabwe, Chile and Indonesia where a large amount of minerals is sourced and supplied to aid the clean energy transition while facing conflict, labour abuses and environmental damage in return.
The US’s 'Project Vault' might end up locking up the world's minerals at a time when they are urgently needed for the energy transition. While this may provide price stability, this could end up delaying the much-needed energy transition, posing the question: what are these discussions really for?
Read more: https://gwitness.org/3OwvCiy