G7 Considers 'Rare Earth' Alliance
G7 energy ministers, meeting in Canada, plan to launch a new alliance to counter China's dominance in critical minerals, aiming for more reliable access to resources that power advanced technologies.
The meeting in Toronto follows a deal between US President Donald Trump and Chinese counterpart Xi Jinping on China's supply of rare earths, which Germany's Minister for Economic Affairs and Energy, Katherina Reiche, sees as "a good sign."
"a good sign"
However, Reiche emphasizes that the agreement "can't prevent us" from diversifying supply chains for materials used in solar panels, mobile phones, and precision missiles.
- Rare earths are crucial for advanced technologies
- G7 seeks to reduce reliance on Chinese exports
- New alliance aims for more reliable access to critical minerals
Author's summary: G7 plans to counter China's mineral dominance.
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