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G7 finance ministers to meet in Washington to discuss rare earths, three sources say

Published by Global Banking & Finance Review

Posted on January 6, 2026

1 min read

· Last updated: January 20, 2026

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G7 finance ministers to meet in Washington to discuss rare earths, three sources say
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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

G7 Finance Ministers to Discuss Rare Earths in Washington

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)

Key Takeaways

  • G7 finance ministers will meet in Washington on January 12.
  • Rare earths supplies and price floors are key discussion topics.
  • Most G7 countries rely heavily on China for critical minerals.
  • The meeting follows a G7 action plan from June last year.
  • Securing supply chains is a priority for G7 economies.

Frequently Asked Questions

What are rare earths?
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.
What is a supply chain?
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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