News Brief: Australia to Join G7 Critical Minerals Meeting
Summary
Australia has been invited to join a meeting of G7 finance ministers in Washington next week to discuss securing critical mineral supply chains, aiming to reduce collective dependence on China’s market dominance.
Key Points
- Meeting Purpose: G7 finance ministers will meet on Monday in Washington to discuss critical minerals supply chains.
- Australian Involvement: US Treasury Secretary Scott Bessent confirmed Australia’s invitation and participation.
- Global Context: G7 nations and the EU are heavily dependent on China for rare earths and critical minerals.
- China’s Dominance: China refines 47-87% of key minerals like copper, lithium, cobalt, graphite, and rare earths.
- Recent Actions: The US and Australia signed a $12.7 billion agreement in October to counter China’s dominance. Reports indicate China recently restricted rare earth exports to Japan.
- Other Invitees: India was also invited; its attendance status is unclear.
新闻简报：澳大利亚将加入G7关键矿物讨论
摘要
澳大利亚已受邀参加下周在华盛顿举行的七国集团（G7）财长会议，会议将讨论关键矿物供应链安全，旨在减少对中国的市场依赖。
关键要点
- 会议目的：G7财长将于周一在华盛顿开会，讨论关键矿物供应链问题。
- 澳大利亚参与：美国财政部长斯科特·贝森特确认澳大利亚已受邀并将参会。
- 全球背景：G7国家及欧盟在稀土和关键矿物上严重依赖中国。
- 中国的主导地位：中国精炼了全球47%至87%的关键矿物，如铜、锂、钴、石墨和稀土。
- 近期动态：美澳于10月签署了一项价值127亿澳元的协议以应对中国的主导地位。有报道称中国近期对日本限制了稀土出口。
- 其他受邀方：印度也收到了邀请，其出席情况尚不明确。
Original Article Link: https://www.abc.net.au/news/2026-01-10/australia-india-invited-to-g7-meeting-on-critical-minerals/106216434