US Mineral Stockpile to Be Open to All Traders, Ex-Im Bank Says
Haul trucks transport ore and waste materials at an open-pit mining complex in Morenci, Arizona.
Photographer: Rebecca Noble/BloombergA $12 billion critical minerals stockpile project being developed by the US Export-Import Bank will be open to all trading companies, rather than just those named as suppliers when the initiative was launched in February.
Hartree Partners LP, Traxys North America LLC and Mercuria Energy Group Ltd. — the firms mentioned in the Feb. 2 statement — helped “brainstorm and stress test” the Project Vault initiative, Ex-Im Bank Chairman John Jovanovic said in an interview with Bloomberg Thursday. But while the bank expects those firms to participate, there are no preferred suppliers or providers, he added.