
US Pushes Allies to Cut China's Grip on Rare Earths Amid Market Risk
The United States is pressing its G7 partners and other major economies to accelerate cutting reliance on China for rare earths and other critical minerals, citing strategic and market risks. Treasury Secretary Scott Bessent plans to push the issue with finance leaders, while China’s grip has already seen export restrictions that heighten Western supply concerns. A recent Australia deal aims to ease Beijing’s control via an $8.5 billion project pipeline, but there is currently no joint action expected, with progress described as ongoing but not solved.











