The United States is poised to significantly bolster its critical minerals strategy through a proposed $70 billion funding increase for the Export-Import Bank, as reported by multiple sources including Business Recorder and futunn. This bipartisan legislative effort, led by Senators Kevin Cramer and Mark Warner, aims to extend the bank's authorization for another decade while raising its lending cap from $135 billion to $205 billion. Cramer emphasized President Trump's commitment, stating that Trump is 'all in' on the funding, recognizing the bank's value in making 'some un-doable deals doable' (Business Recorder). This initiative is part of a broader strategy to reduce reliance on China by strengthening domestic supply chains, as highlighted by the launch of 'Project Vault,' a strategic reserve initiative (futunn).
POLITICS
Senators Propose $70 Billion Export-Import Bank Funding Bill

The U.S. plans a $70B boost for the Export-Import Bank to secure minerals and reduce China reliance, alongside a $6.1B icebreaker deal with Finland, amid geopolitical tensions and strategic shifts.
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Business Recorder
Updated 13h agoTL