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

Maria Martinez and Kanishka Singh

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Item 1 of 2 U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. REUTERS/Aaron Schwartz

[1/2]U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. REUTERS/Aaron Schwartz Purchase Licensing Rights, opens new tab

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G7, Australia, Mexico, South Korea, India meet on rare earths in Washington

Finance chiefs see 'broad agreement' to cut reliance on Chinese critical minerals

Price floor for rare earths, new supply partnerships discussed at U.S. Treasury

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.