US
G-7 Set to Discuss Joint Response to China Curbs on Rare Earths
A worker holds a soil sample at a rare earth exploration project.
Photographer: Victor Moriyama/BloombergFinance chiefs from the Group of Seven industrial nations will consider a joint response to discourage China’s planned move to control the global supply of rare earths, officials said on Wednesday.
German Finance Minister Lars Klingbeil told reporters that the G-7 gathering later today will include a discussion of a common approach to address China’s actions with targeted measures, while cautioning against taking any steps that backfire on their economies.