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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.

Summary by Kyodo News+
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.
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The Straits Times broke the news in Singapore on Saturday, April 18, 2026.
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