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J. D. Vance: “While we believe America's market is large enough to create…”

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 15:38

… advanced economies that rely on These materials to sustain their advanced industries, to sustain their growth and security. And I want to be clear with every person in this room. While we believe America's market is large enough to create its own critical minerals trading zone, this entire effort will be stronger and far more competitive if we build it together. So I'm pleased that so many of you here today have already signed on to this plan. Some of you have not. (15:38–15:51)

CLAIM

Asserts that a collaborative effort will strengthen the critical minerals trading zone.

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

“We've mobilized public financing tools at an unprecedented scale, providing up to $100 billion in lending authority for critical minerals.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 10:48-10:58
“The United States had not built a primary smelter in this country since 1980.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 11:09-11:16
“On Monday, the Trump administration announced Project Vault, America's first ever domestic critical minerals stockpile.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 11:23-11:32
“The international market for critical minerals is failing to create domestic markets or dignified jobs for our labor forces.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 04:53-04:58
“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.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 05:12-05:21
“Across Europe, North America, there are dozens of mining and processing initiatives that have been suspended or completely abandoned because…”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 06:19-06:32
“Only a tiny fraction of global mining investment, including from nations, many of them in this room, is reaching the point of actual…”
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
“Prices within the preferential trade zone will remain consistent over time.”
JUST IN: JD Vance, Marco Rubio Lead Critical Minerals Ministerial With Foreign Representatives | Uploaded February 4, 2026 | 14:20-14:28
“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
“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