G7, other allies discuss ways to reduce dependence on Chinese rare earths [Yahoo! Finance Canada]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance Canada
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. The meeting, convened by U.S. Treasury Secretary Scott Bessent, included ?finance ministers from G7 members Japan, Britain, France, Germany, Italy, Canada and the U.S. as well as officials from Australia, Mexico, South Korea and India. U.S. Trade Representative Jamieson ?Greer and representatives from the U.S. Export-Import Bank and JP Morgan also attended, but no joint statement was issued by the meeting's participants. The Treasury said in a statement that Bessent sought "to discuss solutions to secure and diversify supply chains for critical minerals, especially rare earth elements," and expressed optimism that countries would pursue "prudent de-risking over decoupling" from China. A U.S. offici
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