G7 Aims to Ensure China Supplies No More Than 60% of Rare Earths (opens original article in a new tab)

G7 aims to ensure no single country supplies more than 60% of their critical minerals by 2030, reducing reliance on China.

• G7 countries agreed to limit any single country's supply of critical minerals to 60% by 2030 to reduce reliance on China.
• G7 leaders discussed binding quotas for companies in certain sectors to decrease dependency on Chinese supplies.
• China controls 70% of critical minerals refining and 85% of processed cobalt, according to a 2025 IEA report.