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G7 Leaders Agree on Measures to Reduce Dependency on China

5 sourcesFirst reported 1 month agoUpdated 1 month ago

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G7 leaders convened in Évian, France, to discuss global supply chain challenges.
They focused on reducing dependency on China for critical minerals and resources.
A strategy was outlined to lower the role of non-G7 suppliers below 60% by 2030.
The discussions included collaboration on establishing new monitoring platforms for markets.

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At the G7 summit held in Évian, France, on June 17, 2026, leaders from the member nations agreed on measures to reduce dependence on external suppliers, particularly China, in critical mineral resources. While China was not explicitly named, the discussions highlighted a shared goal among the leaders of the United States, Canada, the United Kingdom, France, Germany, Italy, Japan, and the European Union to bolster supply chains and mitigate risks associated with reliance on individual suppliers.

The G7 leaders outlined a strategy to align their mineral stockpiles and work towards developing complete supply chains from extraction to finished products. A significant target set during the summit is to bring the share of non-G7 suppliers of rare earth minerals below 60% by the year 2030, with initial focus on lithium and nickel. To support these initiatives, the group plans to create a new market monitoring platform in collaboration with the International Energy Agency (IEA). This collaborative approach aims to ensure stability and security in the supply of essential minerals necessary for technology and clean energy transitions.

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G7 Leaders Agree on Measures to Reduce Dependency on China

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