The Group of Seven (G7) nations unveiled a coordinated plan on Tuesday to reduce dependence on Chinese-controlled critical mineral supply chains, vital for defense and high-tech industries. While the final statement avoided direct references to China, the policy focus clearly pointed to the need to counter China’s market dominance and disruptive practices.
President Trump’s latest executive orders have sent shockwaves through the global rare earths industry, breaking China’s decades-long grip and launching a surge of new mining efforts across the globe.
The United States has finalized a major minerals agreement with Ukraine, getting access to valuable resources critical for defense, energy, and technology sectors.
