US EditionUS to push for quicker action in reducing reliance on China for rare earths
The U.S. called on G7 and partner nations, representing 60% of global demand, to speed up efforts to diversify critical minerals supply chains away from China.
- U.S. Treasury Secretary Scott Bessent will encourage G7 nations to reduce dependence on Chinese critical minerals during a meeting of top finance officials.
- The group covers 60% of global demand for critical minerals, which include vital resources for technology and defense.
- Bessent has expressed frustration over the lack of urgency shown by G7 members since a previous action plan was agreed upon at a summit in Canada.
- The United States recently signed an agreement with Australia to bolster domestic production and reduce reliance on China amid escalating export restrictions.
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31 Articles
Channel News Asia
G7, other allies discuss ways to reduce dependence on Chinese rare earths
China dominates the supply chain for critical minerals, refining between 47 per cent and 87 per cent of copper, lithium, cobalt, graphite and rare earths, according to the International Energy Agency.
US to push for quicker action in reducing reliance on China for rare earths
U.S. Treasury Secretary Scott Bessent will urge Group of Seven nations and others to step up their efforts to reduce reliance on critical minerals from China when he hosts a dozen top finance officials on Monday, a senior U.S. official said.
US to urge G7 and partners to cut reliance on China for critical minerals
China dominates the critical minerals supply chain, refining between 47% and 87% of copper, lithium, cobalt, graphite and rare earths, according to the International Energy Agency. These minerals are used in defence technologies, semiconductors, renewable energy components, batteries and refining processes.
Lynas stock rises as U.S. presses allies on China rare-earth grip; investors eye Jan 21 update
Sydney, Jan 12, 2026, 10:59 AEDT — Regular session Shares of Lynas Rare Earths Ltd climbed 3.2% to A$14.55 by late morning in Sydney, up from A$14.10 at the previous close, according to Investing.com data. The stock fluctuated between A$14.31 and A$14.57 during the session. This move is significant as rare earths are once again caught in geopolitical tensions, prompting investors to react swiftly to any policy that could divert supply from China…
The recent weaponization of rare earth supplies by the Chinese Communist Party has intensified the urgency for the United States and its allies to reduce their dependence on China. A senior U.S. official revealed that U.S. Treasury Secretary Bessant will chair a meeting on Monday (January 12) to urge G7 members and other countries to intensify efforts to accelerate the reduction of their reliance on key minerals from China.
The government will share efforts to break away from dependence on China at a meeting of finance ministers of the G7 and resource-rich countries to discuss critical minerals such as rare earths, which will be held in Washington on the 12th. The government will work with the G7 and resource-rich countries to reduce dependence on China, which uses rare earths as economic coercion.
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