- 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.
Dozens of Iowa National Guard soldiers leaving Iowa today will spend the next six months serving in Washington, D.C..
Last August, President Trump issued an executive order declaring there was an epidemic of crime in the nation’s capitol and he immediately mobilized National Guard troops from the District of Columbia. The Pentagon then started asking state guard units to deploy to D.C. and made a request of Governor Kim Reynolds last year. “They asked earlier and I said no because we had one of the largest deployments that we’ve had for a long, long time and I just felt we were stretched pretty thin,” Reynolds said.
In May of last year, nearly 2000 Iowa National Guard soldiers were deployed to the Middle East. The final group of those soldiers returned to Iowa last month. Reynolds said the Pentagon “circled back” recently and asked her to send a group of Iowa Guard soldiers to D.C. and she’s deployed 120 Iowa Guard soldiers to D.C. “to ensure the safety and security” of people who are in the nation’s capitol, “especially with everything that’s going on with the 250th birthday of our country,” Reynolds said, “and so we were able to participate and do our share.”
Reynolds told reporters the federal government will pay the entire cost of the deployment. Reynolds will speak this morning at a private send off ceremony for the Iowa Guard soldiers before they leave for D.C. There were over 5000 National Guard troops in Washington this past Sunday, including 185 from Nebraska and over 100 from Minnesota.
DES MOINES, Iowa (Gray Media Iowa State Capitol Bureau) — One hundred and twenty members of the Iowa National Guard are leaving Friday for Washington, D.C., where they will assist with security measures and America 250 celebrations at the request of the Trump administration.
Reynolds initially said no
Gov. Kim Reynolds said she had previously declined the Trump administration’s request, citing the strain of one of the state’s largest recent deployments.
“They asked earlier, and I said no because we had one of the largest deployments that we’ve had for a long, long time and I just felt that we were stretched pretty thin,” Reynolds said.
Nearly 2,000 Iowa National Guard members had spent a year or more deployed to the Middle East. Those soldiers have since returned home.
Guard members now available following Middle East return
With those troops back, Reynolds said Iowa was in a position to fulfill the president’s request.
“We have them all back. They circled back, especially with everything that’s going on with the 250th uh birthday uh of our country. And so we were able to participate and do our share,” Reynolds said.
Different states have sent National Guard members to Washington, D.C., since last August.
Reynolds said the federal government will pay the costs of Iowa’s deployment to Washington, D.C.
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WASHINGTON – Metro riders are seeing changes Thursday morning as WMATA adjusts its shuttle bus system following concerns about long lines and confusion tied to the Red Line summer shutdown.
Express shuttles to North Bethesda will now only pick up on Wisconsin Avenue near the Trader Joe’s. Local shuttles serving Bethesda, Medical Center and Grosvenor have been moved to the Friendship Heights Metro station, while some regular Metrobus routes are picking up on Western Avenue.
Red Line Shuttle Service Updates
• Local shuttle boarding will be relocated to Bus Bay K – the current C83/D96 bus stop on Wisconsin Ave.
• C83 and D96 buses will be relocated to the bus shelter on Western Ave near Wisconsin Ave.
• Express shuttle boarding will remain in the 5300 block of Wisconsin Ave NW.
What we know:
FOX 5’s Melanie Alnwick says Red Line riders say the shutdown has added time to their commute, though many are trying to stay positive. The shuttles connect North Bethesda and Friendship Heights through September 6, when Purple Line construction is expected to wrap up.
Metro Red Line summer shutdown leads to long shuttle lines
Metro Red Line Summer Shutdown: Changes to shuttle bus service after concerns
The workaround relies on dedicated shuttle bus lanes along northbound and southbound Wisconsin Avenue/355 and up to Rockville Pike. But truck drivers, delivery drivers and passenger vehicles have been stopping or parking in those lanes, forcing shuttles to go around and slowing traffic.
Metro and Montgomery County police have increased enforcement to keep the lanes clear. Metro Transit Police say they asked more than 60 drivers to move out of the bus lanes in the first days of the shutdown.
Metro is also adding about 100 parking spaces at Friendship Heights in the former Lord & Taylor garage. Some Montgomery County riders are opting for the MARC train downtown instead.
Metro’s Red Line shutdown is now in full effect: Here’s what you need to know
Metro Red Line Summer Shutdown: Changes to shuttle bus service after concerns
The Source: Information in this article comes from WMATA and previous FOX 5 reporting.
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