Glencore to create US strategic critical minerals reserve with EXIM Bank
23/09/2026 13:36
Glencore to create US strategic critical minerals reserve with EXIM Bank Sept 23 (Reuters) - Glencore GLEN.L on Wednesday said it received a $500 million commitment from Export-Import Bank of the United States to create a strategic critical minerals reserve to strengthen supply chains in the US.
VaultCo, the public-private partnership between the global miner and the US government agency, will enable Glencore to source, procure, and deliver critical minerals to the US, and reduce any future disruptions to the country's supply of critical minerals, the company said.
(Reporting by Simone Lobo in Bengaluru; Editing by Sahal Muhammed)
((Simone.Lobo@thomsonreuters.com, +919920570373))
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