U.S. Treasury Secretary Scott Bessent Leads Global Effort to Secure Critical Mineral Supply Chains
U.S. Treasury Secretary Scott Bessent met with allies on Monday to secure critical mineral supply chains. The group aims to reduce strategic reliance on China.
Insights:
On Monday, January 12, 2026, scott bessent, the US 
USTreasury Secretary, held a landmark meeting with ministers from 11 allied nations and the European Union 
EUto address the security of critical minerals supply chains. The gathering included high-level representatives from Australia 
AU, Canada 
CA, France 
FR, Germany 
DE, India 
IN, Italy 
IT, Japan 
JP, Mexico 
MX, South Korea 
KR, and the United Kingdom 
GB. Together, these nations account for approximately 60 percent of the global demand for critical minerals, which are essential components for the defense technology sector, the semiconductor industry, and the renewable energy sector.
USTreasury Secretary, held a landmark meeting with ministers from 11 allied nations and the European Union EUto address the security of critical minerals supply chains. The gathering included high-level representatives from Australia AU, Canada CA, France FR, Germany DE, India IN, Italy IT, Japan JP, Mexico MX, South Korea KR, and the United Kingdom GB. Together, these nations account for approximately 60 percent of the global demand for critical minerals, which are essential components for the defense technology sector, the semiconductor industry, and the renewable energy sector.
