Ministers from the US, EU, UK, Japan, Australia and New Zealand will meet in Washington this week to discuss a strategic alliance over critical minerals. The summit is being seen as a step to repair transatlantic ties fractured by a year of conflict with Donald Trump and pave the way for other alliances to help countries de-risk from China, including one centred on steel. Australia said on Friday it would establish a A$1.2bn (£610m) strategic reserve of minerals it believes are vulnerable to supply disruption from China, which last April restricted exports on rare earths in response to Trump’s “liberation
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