Overview
- Treasury Secretary Scott Bessent will host finance chiefs in Washington on Monday to coordinate policies for securing critical mineral supplies.
- Australia and other non-G7 partners were invited; India received an invite but its participation remained unconfirmed.
- Indian reports said electronics minister Ashwini Vaishnaw is likely to attend, which has not been formally announced.
- The meeting comes days after reports of China restricting rare earth and magnet exports to Japanese firms and banning some dual-use shipments to Japan’s military.
- Context includes China’s dominant refining role—about 47% to 87% across key minerals—and an October U.S.–Australia plan for an $8.5 billion project pipeline and a proposed strategic reserve.