At the recent G7 summit in Evian, France, leaders committed to curbing China’s dominance in rare earth minerals, aiming to limit imports to no more than 60% by 2030. This move addresses growing concerns over supply security, especially for defense industries reliant on Chinese resources. The agreement outlines binding quotas and a collaborative effort to boost recycling and new mining projects.

While some countries like Japan already face similar dependencies, building alternative supply chains remains a challenging, long-term process. This initiative underscores the urgency of diversifying critical mineral sources amid geopolitical tensions and environmental concerns.