Commodity trading giant Glencore and Mercuria have jointly promised to inject $1 billion into the US government's key mineral reserve projects. VaultCo. is a public-private partnership founded by the Export-Import Bank of America with a loan commitment of up to $10 billion. Glencore and Mercuria will each commit $500 million, the company said on Wednesday. The details of these promises are currently unclear, but this marks the first time in months that the mineral reserve project has received significant financial support.

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