India And Australia Invited To G7 Critical Minerals Meeting

U.S. Treasury Secretary Scott Bessent announced that India and Australia will participate in the G7 finance ministers’ meeting focused on critical minerals. The meeting, scheduled in Washington, aims to strengthen cooperation among advanced economies and key partners to secure supply chains for essential resources such as lithium, cobalt, and rare earths.  

Bessent emphasized that the initiative stems from concerns over China’s control of critical mineral markets, which are vital for clean energy technologies, electric vehicles, and defense applications. The inclusion of India and Australia reflects their growing importance in global resource strategies, with Australia’s strong mining sector and India’s expanding renewable energy ambitions making them pivotal players.  

Key Highlights  

• India and Australia invited to G7 finance ministers’ meeting in Washington  
• Focus on securing supply chains for lithium, cobalt, and rare earths  
• China’s dominance in critical minerals cited as key concern  
• Australia brings strong mining capacity and project pipeline  
• India’s renewable energy push makes it a strategic partner in resource security  

Final Takeaway  
The invitation to India and Australia underscores the G7’s intent to build resilient, diversified supply chains for critical minerals. By engaging resource-rich and energy-focused partners, the meeting aims to reduce vulnerabilities and accelerate global clean energy transitions.  

Sources: Reuters, Devdiscourse, SDG Knowledge Hub