U.S. Treasury Secretary Scott Bessent will urge Group of Seven nations and others to step up their efforts to reduce reliance on critical minerals from China when he hosts a dozen top finance officials on Monday (January 12, 2026), a senior U.S. official said.
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The meeting, which kicks off with a dinner on Sunday (January 11) evening, will include Finance Ministers or Cabinet Ministers from the G7 advanced economies, the European Union, Australia, India, South Korea and Mexico, said the official who was not authorised to speak publicly.
Together, the grouping accounts for 60% of global demand for critical minerals.
“Urgency is the theme of the day. It’s a very big undertaking. There’s a lot of different angles, a lot of different countries involved and we really just need to move faster,” the official said.
