Published by Global Banking & Finance Review®
Posted on January 6, 2026
1 min readLast updated: January 20, 2026
G7 finance ministers will meet on January 12 in Washington to discuss rare earths supplies and price floors, addressing reliance on China.
BRUSSELS, Jan 6 (Reuters) - Finance ministers from the Group of Seven nations will meet in Washington on January 12 to discuss rare earths supplies, three sources familiar with the matter said on Tuesday.
One of the sources added that price floors for rare earths would be a point of discussion, among other critical mineral topics.
G7 countries, except Japan, are heavily or exclusively reliant on China for a range of materials from rare earth magnets to battery metals. In June last year, the G7 agreed on an action plan to secure their supply chains and boost their economies.
(Reporting by Makiko Yamazaki in Tokyo, Julia Payne in Brussels and Trevor Hunnicutt in Washington; Editing by Alex Richardson)
Rare earths are a group of 17 elements crucial for manufacturing electronics, batteries, and other high-tech products. They are essential for various industries, including renewable energy and technology.
A supply chain is the entire system of production, processing, and distribution of goods, from raw materials to the final consumer. It involves multiple stakeholders and logistics.
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