"Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals. The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China, including one centred on steel."
"Australia said on Friday it would establish a A$1.2bn (610m) strategic reserve of minerals it believes are vulnerable to supply disruption from China, which last April restricted exports on rare earths in response to Trump's liberation day tariffs. It is the second summit on the matter within a month and involves about 20 countries including the G7 members the UK, US, Japan, France, Germany, Italy, and Canada along with India and South Korea and Mexico, Australia, New Zealand and possibly Argentina."
Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington to discuss a strategic alliance over critical minerals. The summit aims to repair transatlantic ties strained by conflict with Donald Trump and to create alliances that help countries de-risk from China, including a potential steel-centered pact. Australia will establish a A$1.2bn strategic reserve of vulnerable minerals and is stockpiling antimony and gallium. About 20 countries, including G7 members, India, South Korea and Mexico, are involved. Discussions include calls for the US to guarantee minimum prices and for accelerated development of non-China supply chains.
Read at www.theguardian.com
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