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Jun 16, 2026

G7 launches critical minerals alliance to reduce China dependence, sets 60% supply cap by 2030

Group of Seven leaders agreed to establish a new critical minerals coordination platform and set a target that no single country should supply more than 60% of their rare earth imports by 2030, directly addressing current reliance on China for these strategic resources.

Jun 16, 2026·4 sources
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Top claims

  • ▪Analysts believe the 60% target will be challenging, as China controls 90% of global output for processed rare earths and magnets
  • ▪On June 15, 2026, new Chinese regulations took effect to bring mineral resources further under state control
  • ▪The G7 action plan includes developing a road map by the end of 2026 for "standards-based markets for critical minerals"

Subtopics

China trade1China-United States relations1Critical minerals & resource security1Critical minerals agreements1Energy transition1G7 foreign policy1Global supply chains1Green energy policy1Rare earth minerals supply chains1Supply chain security1Trade agreements & blocs1

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