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G7 Takes Aim at China’s Grip on Critical Minerals

G7 leaders established a strategic alliance on critical minerals to reduce China's dominance in metals, minerals, and rare earth elements essential to defense, automotive, and clean energy sectors. The alliance commits to coordinating efforts to develop processing and industrial capacities for supply chain diversification.

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The leaders of the G7 have created a strategic alliance on critical minerals in a coordinated effort to break China’s oversized control of the metals and minerals and rare earth elements crucial to the defense, automotive, and clean energy industries. At the G7 summit in Evian, France, the leaders of G7 issued a declaration in which the nations committed “to coordinating efforts within the G7 and with partner countries to establish and develop the necessary processing and industrial capacities for diversification of our critical minerals…

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https://oilprice.com/Energy/Energy-General/G7-Takes-Aim-at-Chinas-Grip-on-Critical-Minerals.html

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