G7 Steps up Efforts to Break China's Grip on Critical Minerals
The plan aims to cut reliance on China, which mines about 70% of the world’s rare earths and refines about 90%, officials said.
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G7 steps up efforts to break China's grip on critical minerals
Finance chiefs of the Group of Seven countries agreed Friday to step up cooperation with resource-rich countries and multilateral development banks, with the aim of becoming less dependent on China for critical minerals.
Time to reduce dependency on China for critical minerals: G7
New Delhi, April 19, 2026 With an aim to reduce dependency on China for critical minerals, Group of Seven (G7) countries have agreed to step up cooperation with resource-rich countries and multilateral development banks, according to reports. Japan-based The Mainichi national daily reports that finance ministers reached the agreement at a meeting in Washington, DC. The meeting was attended by mineral-producing countries, including Argentina, Aus…
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