G7 countries plan to limit China’s share of rare earths to 60%

G7 countries have agreed on a strategy to diversify critical mineral supply chains to reduce global dependency on China. The objective is to ensure that no single country supplies more than 60% of their imports of rare earths by 2030. This initiative aims to shift geopolitical and economic dynamics by limiting China's market share, ensuring that critical mineral imports are more balanced across different sources to enhance the overall stability of the supply chain.