G7 Finance Ministers to Discuss Rare Earth Supply and Pricing in Upcoming Meeting

Critical Minerals on the Agenda

The G7 finance ministers are scheduled to meet in Washington on January 12, 2026, to address pressing issues related to rare earth supply chains and potentially set a floor price for rare earth elements ¹

. This development comes as G7 nations, with the exception of Japan, remain heavily dependent on China for various critical minerals essential to global industry ²

Source 2

https://internasional.kontan.co.id/news/para-menteri-keuangan-g7-bakal-bertemu-di-washington-bahas-logam-tanah-jarang

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Key Discussion Points

1. Rare Earth Supply Chain Security: The meeting will focus on ensuring stable supplies of these critical materials
2. Minimum Price Establishment: Discussions may include setting a minimum price for rare earth elements to stabilize markets
3. Diversification Strategies: G7 countries are likely to explore ways to reduce their dependence on China for these materials

Implications for Global Markets

The G7's initiative to discuss rare earth supply and pricing could have significant implications for global markets. Establishing a minimum price could help stabilize the market and encourage more sustainable production practices. Moreover, diversifying supply chains away from China could reshape the global rare earth market dynamics.