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J. D. Vance: “Prices within the preferential trade zone will remain…”

Featuring: J. D. Vance, Republican | Vice President of the United States | National

JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives

Published February 4, 2026 | Video Starts at 14:20

The benefits will be immediate and durable, regardless of how much material flows into the global market. Prices within the preferential trade zone will remain consistent over time. Our goal within that zone is to create diverse centers of production, stable investment conditions, and supply chains that are immune to the kind of external disruptions that we've already talked about. (14:20–14:28)

CLAIM

Asserts that prices in the preferential trade zone will remain stable.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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J. D. Vance

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“The United States had not built a primary smelter in this country since 1980.”
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“On Monday, the Trump administration announced Project Vault, America's first ever domestic critical minerals stockpile.”
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“The international market for critical minerals is failing to create domestic markets or dignified jobs for our labor forces.”
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“Supply chains remain brittle and exceptionally concentrated.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 05:06-05:12
“Asset and commodity prices are persistently depressed, driven downward by forces beyond any individual country's control.”
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“Across Europe, North America, there are dozens of mining and processing initiatives that have been suspended or completely abandoned because…”
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JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 06:47-06:57
“The Biden administration never sat down and tried to understand what are the critical deficiencies in world supply chains.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 10:18-10:26
“In just one year, the President of the United States has struck dozens of deals to fix that problem [supply chain deficiencies].”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 10:29-10:37
“The Trump administration is proposing a concrete mechanism to return the global critical minerals market to a healthier, more competitive…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 12:55-13:05
“We will establish reference prices for critical minerals at each stage of production, pricing that reflects real world fair market value.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 13:13-13:23
“The benefits will be immediate and durable, regardless of how much material flows into the global market.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 14:13-14:21
“Our goal within that zone is to create diverse centers of production, stable investment conditions, and supply chains that are immune to the…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 14:27-14:40
“Membership will be vital for developing economies seeking to expand mining capacity, and it will be just as important for the advanced…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 15:16-15:33
“While we believe America's market is large enough to create its own critical minerals trading zone, this entire effort will be stronger and…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 15:38-15:51
“What is before all of us is an opportunity at self-reliance that we never have to rely on anybody else except for each other for the…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 17:37-17:51