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Scott Bessent hosts global finance ministers to discuss China’s grip on world silver supply
Jan 13, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
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A meeting was convened by Scott Bessent, former Treasury Secretary, with finance ministers from 11 countries to address the global mineral supply crunch. The focus was on the dominance of China in rare earth refining, which accounts for 87% of the market, amid rising silver prices.
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Trump’s Treasury Secretary Scott Bessent called a full-scale meeting with his global peers on Monday to get ahead of the worsening mineral supply crunch. With China refining up to 87% of the world’s rare earths and silver prices breaking records, Scott gathered the finance ministers of 11 countries, the EU commissioner, and U.S. trade officials […]
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