G7 Finance Ministers Focus on China's Rare Earths
At the online meeting of G7 finance ministers held on December 08, the issue of "China's rare earths," which account for about 70% in mining and more than 90% in refining, was discussed.
In a joint statement, G7 finance ministers stated: We, along with the heads of the International Monetary Fund (IMF), the World Bank Group, the Organisation for Economic Co-operation and Development (OECD), and the Financial Stability Board (FSB), held an online meeting on December 08. We also invited the Canadian Minister of Energy and Natural Resources, as well as finance ministers or representatives from Canada, Australia, Chile, India, Mexico, and South Korea to participate in part of the meeting.
We welcome the recent statement issued by the G7 Energy and Environment Ministers aimed at ensuring the resilience of critical mineral supply chains. Stable and reliable supply chains are crucial for promoting economic growth and security. We will continue to work with our international allies and industry partners to reduce reliance on a single source of supply and enhance economic resilience. We look forward to further discussions on how to establish a market with high standards that ensures supply chain security.
The meeting will be held again this year for final consultations.
Source: rfi
Original article: toutiao.com/article/1851032234156103/
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