# Global critical minerals supply chain developments

> Live situation record from CLSTR: https://clstr.news/situations/global-critical-minerals-supply-chain-developments
> Updated: 2026-10-18T23:42:55.000Z. Sources: 5. Developments: 2.

Developments in the critical minerals sector involve both large-scale strategic stockpiling initiatives and specific project financing. 

In the United States, Glencore has joined Project Vault, a $12 billion public-private initiative led by the US Export-Import Bank (EXIM). The program aims to create a roughly 60-day buffer of essential materials, such as cobalt, to protect domestic manufacturers from global supply shocks and reduce reliance on Chinese-dominated refining. Glencore has committed $500 million to the partnership managing the sourcing.

In Australia, Critical Minerals Group has launched a capital raise of up to $2.05 million to fund a Definitive Feasibility Study for the Lindfield Vanadium Project in Queensland. The project seeks to develop an integrated vanadium supply chain to support the market for vanadium flow batteries and long-duration energy storage.

## Timeline

### 2026-10-18: Critical Minerals Group launches $2.05M capital raise for vanadium project

Critical Minerals Group is raising up to $2.05 million to fund a feasibility study for its Lindfield Vanadium Project in Queensland, targeting the energy storage market.

3 sources. https://clstr.news/cluster/critical-minerals-group-launches-205m-capital-raise-for-vanadium-project

### 2026-09-23: Glencore joins $12 billion US critical minerals stockpile initiative

Glencore has joined Project Vault, a $12 billion US initiative to stockpile critical minerals like cobalt, aiming to secure domestic supply chains and reduce reliance on Chinese refining.

2 sources. https://clstr.news/cluster/glencore-joins-12-billion-us-critical-minerals-stockpile-initiative

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Cite as: Global critical minerals supply chain developments. CLSTR, https://clstr.news/situations/global-critical-minerals-supply-chain-developments