G7 Finance Ministers to Meet in Washington on Rare Earths, China Reliance

• G7 finance ministers will convene in Washington on January 12 to discuss rare earths supplies.
• Discussions will include potential price floors for rare earths and other critical mineral topics.
• Most G7 nations, excluding Japan, are heavily reliant on China for critical materials like rare earth magnets and battery metals.
• Last June, the G7 agreed on an action plan to secure supply chains and boost their economies.
• Price floors are being considered to make investments in critical minerals outside China economically viable.

Why It Matters: G7 ministers to address critical rare earths supply chain reliance on China and explore price floors.