G7 Meet: Bloc Discusses Strategy to Reduce Dependence on China’s Mineral Supply Chain

At the recent Group of Seven (G7) meeting, leaders confronted a clear fact: their economies are heavily reliant on China for critical minerals. Data show that China mines about 60 % of the world’s rare earths and processes roughly 90 % of them. This dependence creates a strategic vulnerability for technology, clean-energy, and defense supply chains. In response, the G7 drafted and discussed a multistep strategy aimed at diversifying and securing supply chains for critical minerals. For investors and industry watchers alike, this signals a heavy push toward supply-chain resilience and geopolitics influencing commodity flows.