Baar, Switzerland
23 September 2026
Glencore is pleased to announce its selection by the U.S. Government to be a founding partner in the launch of VaultCo, a strategic critical minerals reserve designed to strengthen U.S. critical minerals supply chains.
Through VaultCo’s innovative public-private partnership model, financing provided by the Export-Import Bank of the United States (EXIM) will enable Glencore to source, procure, and deliver critical minerals for VaultCo, helping build strategic inventories that support American industry.
The initiative aims to build more resilient critical minerals supply chains and reduce vulnerability to future supply disruptions for the United States by combining EXIM’s financing capacity with Glencore’s ability to supply critical minerals and base metals.
“Mineral security is national security. VaultCo is working to ensure the U.S. industrial base has access to the critical minerals needed to build the products everyday Americans rely on.” said Brett B. Lambert, Executive Chair of VaultCo.
Jyothish George, Head of Marketing for Metals and Bulks at Glencore, said: "VaultCo is an innovative approach to strengthening supply chain resilience. We are pleased to be partnering with the U.S. Export-Import Bank and VaultCo to support critical minerals security and help ensure American industry has access to the materials it needs. Glencore's participation in this initiative reflects our longstanding role connecting global production with industrial consumers and our commitment to supporting resilient and diversified supply chains for critical minerals.”
For further information please contact:
Investors
Martin Fewings
t: +41 41 709 28 80
m: +41 79 737 56 42
martin.fewings@glencore.com
Media
Charles Watenphul
t: +41 41 709 24 62
m: +41 79 904 33 20
charles.watenphul@glencore.com
Glencore LEI: 2138002658CPO9NBH955
Notes for Editors
Glencore is one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 60 commodities. Through a network of assets, customers and suppliers that spans the globe, we produce, process, recycle, source, market and distribute the commodities that advance everyday life.
With over 140,000 employees and contractors and a strong footprint in over 30 countries in both established and emerging regions for natural resources, our marketing and industrial activities are supported by a global network of offices.
Glencore’s customers are principally industrial consumers, such as those in the automotive, steel, power generation, battery manufacturing and oil sectors. We also provide financing, logistics and other services to producers and consumers of commodities.
Important information
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Other information
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