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Bessent says Australia, India invited to G7 meeting on critical minerals

Cover Image for Bessent says Australia, India invited to G7 meeting on critical minerals

The meeting follows reports that China restricted rare-earth and powerful magnet exports to Japan and banned dual-use items to its military.

SAVAGE: US treasury secretary Scott Bessent said Australia and several other countries would join a meeting of finance ministers from the Group of Seven advanced economies that he is hosting in Washington on Monday to discuss critical minerals.

Bessent said he had been pressing for a separate meeting on the issue since last summer’s summit of G7 leaders, and finance ministers had already held a virtual meeting in December.

India was also invited to attend the meeting, Bessent told Reuters in an interview after touring the Minneapolis-area engineering lab of RV and boat maker Winnebago Industries. He said he was unsure if it had accepted the invitation.

Tags:China supplycritical mineralsexport controlsfinance ministersG7-MeetingLithium cobaltrare earthsRenewable techStrategic reservesUS Australia


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