Washington, DC [US], February 4 (ANI): US Vice President JD Vance on Wednesday underscored the critical importance of minerals essential to global supply chains during his remarks at the inaugural Critical Minerals Ministerial hosted by the United States.
Recalling a past operation in Venezuela and a conversation with US President Donald Trump, Vance emphasized the enduring importance of tangible resources such as oil, gas, and critical minerals to the global economy.
“As much as we talk about the modern and digital economy, President Trump said something very important that should inform how we think about the future of growth. As much as data centers, technology, and all the incredible things we are working on matter, fundamentally you still have an economy that runs on real things. There is no realer thing than oil, and I would add to that, there is no realer thing than critical minerals,” Vance said.
In his remarks, the Vice President highlighted the Ministerial as an opportunity for allied nations to work together to strengthen resilience and self-reliance. “We are all on the same team and growing in the same direction. We have close to two-thirds of the world’s GDP represented. We have the capacity to make ourselves more independent and more self-reliant,” he said.
Vance also called for greater price predictability to support global supply chains and stressed the need for collective action to address shared challenges.
The United States is hosting the inaugural Critical Minerals Ministerial in Washington, bringing together delegations from more than 50 countries to advance cooperation on securing and diversifying global critical mineral supply chains, according to an earlier notice from the Office of the Spokesperson of the US State Department.
Ahead of the Ministerial, US President Donald Trump on Monday announced Project Vault, a supply chain security initiative aimed at establishing a US Strategic Critical Minerals Reserve. The initiative will function as an independently governed public-private partnership designed to store essential raw materials at facilities across the country.
US Secretary of State Marco Rubio is chairing the Ministerial, which is being described as a historic effort to build collective momentum for cooperation on securing critical minerals vital to technological innovation, economic growth, and national security. (ANI)
About The Author
