G7 sets up critical minerals alliance, platform to cut reliance on China
The alliance aims to cut dependence on China after Beijing’s export curbs, with rare earths supplying defense systems, electric vehicles and wind turbines.
- G7 leaders launched the Critical Minerals Resilience and Production Alliance on Wednesday at the summit in Évian-les-Bains, France, directly targeting Western dependence on China.
- The alliance sets a strict target to cut reliance on any single non-G7 supplier for rare earths and permanent magnets to below 60% by 2030, with an ultimate goal of hitting 50% as soon as possible.
- A new early-warning platform will be established alongside the IEA to track supply chain risks, align domestic stockpiling strategies, and protect Western markets from arbitrary export restrictions or economic coercion.
- Initial pilot programs will target lithium and nickel supply chains, before systematically expanding the coordination framework to five new minerals each year with an intensive focus on raw element processing.
- The initiative marks a massive pivot toward direct market intervention, with member nations exploring price-gap subsidies, quotas, and price floors to protect private investment, backed by 195 alternative mineral projects already announced since the start of 2026.
43 Articles
43 Articles
G7 rare earths, US-Iran peace deal, Summer Davos
The Group of Seven nations this week agreed to pare their reliance on China for vital raw materials, while European leaders struggled to reach a consensus on how to respond to a flood of low-cost Chinese imports. No single country should supply more than 60 per cent of the G7 nations’ rare earths and permanent magnets by 2030, their leaders agreed during a summit in Evian, France. The nations will subsequently aim for a 50 per cent limit as quic…
G7 vows to cut China’s rare earth dominance to 60% by 2030
The G7 pledged to reduce China’s dominance in rare earth elements to 60% of imports by 2030, aiming to diversify supply chains for electric vehicles, electronics and defense tech. China’s new export restrictions, including mandatory approvals for rare earth shipments and licensing for foreign firms, have triggered global concerns over supply chain disruptions. The G7 […]
China today asked the G7 to effectively comply with international trade rules, after the group had agreed to reduce the dependence of a single supplier of rare lands to less than 60% by 2030. The spokesman for the Chinese Foreign Ministry Lin Jian said, at a press conference, that Beijing's position on maintaining the stability and security of the global supply chains for critical minerals did not change. Lin assured that China normalized and im…
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