Mercuria Delivers 12,000 Tonnes of Copper to New US Strategic Reserve

Key Facts

1Trading house Mercuria confirmed the delivery of 12,000 tonnes of copper to Washington’s Project Vault.

2Project Vault aims to build a $12 billion strategic reserve of metals and minerals.

Trading house Mercuria confirmed the delivery of 12,000 tonnes of copper to Washington’s Project Vault. The Financial Times reported that this transaction marks the first delivery to the United States' newly established strategic mineral reserve.

Project Vault aims to build a strategic reserve of metals and minerals valued at $12 billion to ensure supply chain security and strategic independence. The direct government procurement of physical copper for these stockpiles introduces a new layer of demand, providing long-term support for the metal's market fundamentals.