Brazil Aims for Open Stance on Critical Minerals, as US Launches $10B Project Vault Initiative

Published: Feb 11, 2026 11:02

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Brazil seeks to avoid signing exclusive agreements on critical minerals with other countries, instead maintaining an open stance and pursuing partnerships with various nations.

Recently, the U.S. government disclosed details of "Project Vault" (PV), an initiative led by the U.S. Export-Import Bank (EXIM) aimed at formulating a strategy to secure domestic supplies of critical minerals.

The EXIM Board approved up to $10 billion in direct loans for PV, more than double the largest financing amount in the bank's history. PV is designed to shield U.S. domestic manufacturers from supply shocks, expand the production and processing of critical raw materials in the U.S., and fundamentally improve the state of the U.S. critical minerals industry.

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