Trump to begin stockpiling critical minerals with $12 billion in seed money

President Donald Trump's administration announced plans to begin stockpiling critical minerals on Monday, starting off the program with $12 billion in seed money, Fox News has learned.

The new program, first reported by Bloomberg, seeks to insulate U.S. manufacturers from supply shortages as America seeks to lessen its reliance on Chinese materials.

A White House official confirmed to Fox News that the program has been dubbed "Project Vault," and will kick off with funding of $1.67...