Australia, India Invited to G7 Critical Minerals Meeting Amid China Dominance Concerns

• US Treasury Secretary Scott Bessent is hosting a G7 finance ministers meeting in Washington on Monday to discuss critical minerals.
• Australia and India, among other countries, have been invited to join the G7 meeting.
• The G7 nations aim to secure supply chains and reduce dependence on China, which dominates critical minerals refining.
• China refines 47% to 87% of key minerals like copper, lithium, cobalt, graphite, and rare earths, crucial for defense and tech.
• The meeting follows China's recent export restrictions on rare earths and magnets to Japanese companies.

Why It Matters: G7 invites Australia, India to address critical minerals supply chain security and reduce China dependence.