- US Treasury’s Bessent said frustrated with lack of urgency
- G7 plus India, South Korea, Australia and Mexico to attend
- China dominates critical minerals production
Washington, D.C
US to push for quicker action in reducing reliance on China for rare earths
Item 1 of 2 Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo
[1/2]Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo Purchase Licensing Rights
WASHINGTON, Jan 11 (Reuters) – U.S. Treasury Secretary Scott Bessent will urge Group of Seven nations and others to step up their efforts to reduce reliance on critical minerals from China when he hosts a dozen top finance officials on Monday, a senior U.S. official said.
The meeting, which kicks off with a dinner on Sunday evening, will include finance ministers or cabinet ministers from the G7 advanced economies, the European Union, Australia, India, South Korea and Mexico, said the official who was not authorized to speak publicly.
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Together, the grouping accounts for 60% of global demand for critical minerals.
“Urgency is the theme of the day. It’s a very big undertaking. There’s a lot of different angles, a lot of different countries involved and we really just need to move faster,” the official said.
Bessent on Friday told Reuters that he had been pressing for a separate meeting on the issue since a G7 leaders summit in Canada in June, where he delivered a rare earths presentation to gathered heads of state from the U.S., Britain, Japan, Canada, Germany, France, Italy and the European Union.
Leaders agreed to an action plan at the summit to secure their supply chains and boost their economies, but Bessent has grown frustrated about the lack of urgency demonstrated by attendees, the official said.
Aside from Japan, which took action after China abruptly cut off its critical minerals supplies in 2010, G7 members remain heavily dependent on critical minerals from China, which has threatened to impose strict export controls.
China dominates the critical minerals supply chain, refining between 47% and 87% of copper, lithium, cobalt, graphite and rare earths, according to the International Energy Agency. These minerals are used in defense technologies, semiconductors, renewable energy components, batteries and refining processes.
The U.S. is expected to issue a statement after the meeting, but no specific joint action is likely, the official added.
US URGES OTHERS TO FOLLOW ITS LEAD
“The United States is in the posture of calling everyone together, showing leadership, sharing what we have in mind going forward,” said the official. “We’re ready to move with those who feel a similar level of urgency … and others can join as they come to the realization of how serious this is.”
The official gave no details on what further steps were planned by the Trump administration, which is pushing forward to boost domestic production and reduce reliance on China through agreements with Australia, Ukraine and other producers.
The U.S. signed an agreement with Australia in October aimed at countering China’s dominance in critical minerals that includes an $8.5 billion project pipeline. The deal leverages Australia’s proposed strategic reserve, which will supply metals like rare earths and lithium that are vulnerable to disruption.
The official said there had been progress, but more work was needed. “It’s not solved,” they added.
Canberra has said it has subsequently received interest from Europe, Japan, South Korea and Singapore.
Monday’s meeting comes days after reports that China had begun restricting exports to Japanese companies of rare earths and powerful magnets containing them, as well as banning exports of dual-use items to the Japanese military.
The meeting was planned well before that action, U.S. officials said. China was still living up to its commitments to purchase U.S. soybeans and ship critical minerals to U.S. firms.
Reporting by Andrea Shalal; Editing by Michael Perry
Our Standards: The Thomson Reuters Trust Principles.
WASHINGTON (DC News Now) — A Texas man accused of shooting at a United States Secret Service agent near the Washington Monument earlier this month has been indicted on federal charges, the Justice Department announced Friday.
A federal grand jury indicted 45-year-old Michael Marx with “assaulting, resisting, or impeding certain officers using a dangerous weapon” and “using, carrying, possessing, brandishing, and discharging a firearm during a crime of violence,” in connection with the May 4 incident, in which a stray bullet struck a teenage bystander.
“Today’s indictment reflects the gravity of the defendant’s actions on one of the most heavily visited public spaces in the nation,” U.S. Attorney Jeanine Pirro said Friday, in part. “The evidence shows Marx not only carried an illegal firearm into DC, but he fired it at uniformed officers, wounding an innocent teenage bystander who was simply visiting the National Mall with his family on a spring afternoon.”
Authorities previously charged Marx with assaulting federal officers with a dangerous weapon, using and discharging a firearm during a crime of violence, and unlawful possession of a firearm by a convicted felon.
According to court documents, an undercover Secret Service agent initially noticed Marx trying to conceal a gun on the right side of his body near 15th Street and Madison Drive NW shortly after 3:30 p.m. on the afternoon of the shooting.
At the same time, the motorcade for Vice President J.D. Vance was leaving the White House, passing through the area just up the street.
Uniformed Secret Service officers arrived to provide backup, finding Marx along the path of Vance’s motorcade. The attorney’s office said officers began to give the Texas man verbal commands, but he started running through a crosswalk and eventually fired at one of the agents as he reached the sidewalk.
The bullet struck the teenage bystander, who was walking behind the agent, in the leg, according to the DOJ.
Agents quickly returned fire, striking Marx in the hand, left arm, and upper body, according to court documents.
Court documents state that agents used Marx’s Texas driver’s license, which he was carrying, to identify him as the gunman. Investigators also identified various aliases Marx allegedly went by, including Patrick Michael and Michael Zavici.
While in the hospital, he allegedly made statements to officers, including ”F— the White House,” and “kill me, kill me, kill me,” the DOJ noted in a release.
Police found a Sig Sauer P365 handgun loaded with 9mm ammunition from the street where Marx fell.
4 things to know about the weather:
- Abundant sunshine
- Temps slightly cooler than average
- No rain in sight — again
- Mid-week warmup
May is drawing to a dry, comfortable close, in stunning contrast to the very soggy Memorial Day weather we saw last weekend.
That 10-day stretch of rain put a definite dent in our drought, according to the weekly national drought monitor, but it seems that was the end of the improvement for a while: There’s almost no clouds in sight for the DMV for several days.
Enjoy the many hours of sunshine on Saturday. The high pressure coming in from the Hudson Bay brings a stiff north wind, but the day will also be sunny and comfortable, with highs in the mid 70s.
Download the NBC Washington app on iOS and Android to check the weather radar on the go.
The wind will die down after dark, and Sunday morning will be bordering on chilly. Expect widespread mid/upper 40s in most of the D.C. area, with urban centers and bayside communities staying just above 50°. Sunday afternoon will be just a bit warmer, in the mid 70s, but with far less of a breeze.
Highs will be back around 80° for Monday, Tuesday, Wednesday and Thursday, with overnight lows in the comfy 50s. It’ll be a perfect start to meteorological summer (June/July/August).
QuickCast
TODAY:
Sunshine Abounds, Breezy
Wind: North 10-15mph, Gust to 25 mph
Chance of Rain: 0%
HIGHS: 70° to 75°
TONIGHT:
Clear Skies
Winds Diminish
Wind: Northwest 10-15 mph
Chance Of Rain: 0%
LOWS: 46° to 54°
SUNDAY:
Mostly Sunny Skies
Pleasant Conditions
Light Breeze
Wind: NW 5 – 10 mph
Chance of Rain: 0%
HIGHS: 70° to 76°
MONDAY:
Partly Cloudy
Seasonable
Light Breeze
Wind: West/Northwest 10 mph
Chance of Rain: 0%
HIGHS: 76° to 82°
Sunrise: 5:45 Sunset: 8:26
Average High: 80° Average Low: 63°
Stay with Storm Team4 for the latest forecast. Download the NBC Washington app on iOS and Android to get severe weather alerts on your phone.
WASHINGTON – A man is in critical condition after falling into the Anacostia River in Southwestern Washington, D.C., Friday night.
What we know:
D.C. Fire and EMS reported the rescue effort shortly after 10 p.m. at James Creek Marina in Buzzard Point.
Crews believe a man fell from the dock into the water.
By 10:30 p.m., crews were able to pull the man out of the water.
Paramedics took him to the hospital in critical condition.
What we don’t know:
Officials did not identify the man who was rescued. No other information was immediately available.
The Source: Information in this story is from the D.C. Fire and EMS Department.
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