G7 Aims to Ensure China Supplies No More Than 60% of Rare Earths

G7 Aims to Ensure China Supplies No More Than 60% of Rare Earths The Group of Seven countries have agreed that no single country should supply more than 60% of their imports of critical minerals by 2030 in a effort to reduce their reliance on China, according to people familiar with the discussions. At their summit in Evian, France, this week, G7 leaders set out plans to introduce binding quotas for companies in some industrial sectors, in what appeared to be a nod to the need for defense manufacturers in particular to reduce their reliance on China, one of the people said. They also pledged to set up a platform to combine efforts to increase the supply from recycling and new mining projects, said the person, who asked not to be named discussing private conversations.