US EditionG7 and Allies Meet in Washington to Diversify Rare Earth Supply Chains
G7 ministers agreed on measures including price floors, partnerships, and recycling to reduce reliance on China, which supplies about 90% of rare earth processing, officials said.
- On Jan. 12, 2026, U.S. Treasury Secretary Scott Bessent convened G7 finance ministers and other participating countries in Washington, D.C. to reduce dependence on Chinese rare earths and enhance supply chains.
- Last week, Beijing tightened export controls to Japan, highlighting China mines around 70 percent and refines about 90 percent of rare earths, concentrating global supply.
- Action-first: Exploring funding, partnerships and technology sharing to address supply issues, Japanese Finance Minister Satsuki Katayama said, emphasizing standards for labor and human rights.
- Accounting for 60% of global demand, participants and the European Union hold significant market influence, but no joint statement was issued despite U.S. Treasury and Scott Bessent praising the meeting's outcome.
- Under the French presidency of the Group of Seven this year, ministers plan to diversify rare earths supply chains through onshoring, recycling, monitoring shortages, and coordinating responses to disruption.
15 Articles
15 Articles
Rare Earths: G7 Must Lead Efforts to Swiftly Break from Dependence on China
China is intensifying its strategy of using export restrictions on items related to rare earths as a weapon of its economic coercion. There is an urgent need for the Group of Seven advanced nations to take the lead in establishing a system to break away from dependence on China for rare earths.
Scramble for Supply: G7 Allies Seek to Break China’s Grip on Rare Earths
Growing geopolitical tensions and repeated export controls by Beijing have pushed rare earths and other critical minerals to the centre of global economic and security debates. China’s dominance across the mining, refining, and processing stages of these minerals has long been a strategic vulnerability for advanced economies, but recent restrictions most notably on exports to […] The post Scramble for Supply: G7 Allies Seek to Break China’s Grip…
G7 Nations Unite to Reduce Rare Earth Reliance on China
Finance ministers from the G7 and other major economies convened in Washington to strategize on reducing dependence on China's rare earths. Discussions focused on creating alternative supplies and setting a price floor. Despite unresolved issues, the ministers emphasized swift action and cooperation to secure critical mineral supply chains.
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 to build up alternative supplies, ministers said.
Federal Finance Minister Klingbeil calls for faster agreements for the supply of rare earths. After a meeting of the Finance Ministers of the G7 states and other countries in Washington, Klingbeil said that closer international cooperation is needed in order to have secure access to raw materials and maintain supply chains.
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