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.
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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…
The G7 just pledged to break China's rare earth grip — there’s a lot of work to do
The U.S. and six of its allies are tackling their dependence on China and its effective chokehold on rare earth minerals. At the Group of Seven summit in France on Wednesday, the countries pledged to ensure that no single nation can supply more than 60% of rare earth imports by 2030. Issued by the G7 in a joint statement, the pledge looks to reduce the countries’ dependence on China for the raw materials behind military technology. The leaders o…
At G7 Summit, world leaders tackle reliance on China for critical minerals
The leaders will discuss securing mineral supply chains, a central theme of France's G7 presidency, alongside a broader effort to remedy global economic imbalances on the final day of the summit.
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LatestlyG7 Unveils Declaration to Strengthen Resilience of Critical Minerals Supply Chains
The Group of Seven (G7) leaders on Wednesday unveiled a joint declaration to strengthen the resilience of critical minerals supply chains, expressing concern over "non-market policies and practices" and the use of economic coercion in global trade.In a joint declaration on securi
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