Group of Seven leaders meeting at their Evian summit in France have agreed that no single country should supply more than 60% of their imports of rare earth elements by 2030, in the most concrete collective commitment yet to reduce dependence on China's near-monopoly over critical minerals supply chains
Leaders also discussed introducing binding import quotas for companies in specific industrial sectors — with defence manufacturers identified as a priority given their acute exposure to Chinese supply disruptions — and pledged to establish a platform to combine recycling efforts and new mining project development For other critical minerals beyond rare earths, G7 members committed to establishing specific diversification targets by the end of 2025
