Major Western Nations to Discuss Critical Minerals Alliance to Reduce Dependence on China
By
andsoitis
3mo ago· 5 min readenNews
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Summary
Ministers from the US, EU, UK, Japan, Australia, and New Zealand are meeting in Washington to discuss forming a strategic alliance on critical minerals. The summit aims to repair transatlantic ties strained by conflicts with Donald Trump and help countries reduce dependence on China for critical minerals. Australia announced a A$1.2 billion strategic reserve for minerals vulnerable to Chinese supply disruptions, following China's restrictions on rare earth exports. The discussions involve about 20 countries including G7 states, with calls for the US to guarantee minimum prices for rare earths.
Key quotes
· 4 pulledMinisters from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals.
The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China.
Australia said on Friday it would establish a A$1.2bn (£610m) strategic reserve of minerals it believes are vulnerable to supply disruption from China.
About 20 countries including G7 states in talks on rare earths including calls for US to guarantee minimum price.
About 20 countries including G7 states in talks on rare earths including calls for US to guarantee minimum price
