U.S. Department of the Treasury Secretary Scott Bessent convened a Jan. 12 meeting of finance ministers from G7 countries and other major economies to discuss ways to secure and diversify supply chains for critical minerals, especially rare earth elements.
The meeting was attended by G7 members from Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States, along with representatives from Australia, India, Mexico, and South Korea, according to a Department of the Treasury statement.
