G7 other allies discuss ways to reduce dependence on Chinese rare earths

WASHINGTON, Jan 12 (Reuters) - Finance ministers from the G7 and other major economies met in Washington on Monday to discuss ways to reduce dependence on rare earths from China, including setting a price floor and new partnerships to build up alternative supplies, ministers said. The meeting, convened by U.S. Treasury Secretary Scott Bessent, included finance ministers from G7 members Japan, Britain, France, Germany, Italy, Canada and the U.S. as well as officials from Australia, Mexico, South Korea and India. The Treasury said in a statement that Bessent sought “to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements,” and expressed optimism that countries would pursue “prudent de-risking over decoupling” from China. 🔗 Leggi su Internazionale.it

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G7, other allies discuss ways to reduce dependence on Chinese rare earths - Finance ministers from the G7 and other major economies met in Washington on Monday to discuss ways to reduce dependence on rare earths from China, including setting a price floor and new partnerships ... msn.com