October 05, 2025 20:21
Regional powers competing for leadership in critical minerals sector
A worker prepares a sign ahead of the G7 summit at a satellite location in Banff, Alberta, Canada, June 14, 2025. (Reuters)
Short Url
https://arab.news/4srzv
In June, the leaders of the G7 nations and the EU convened in Kananaskis, Canada, to develop a shared agenda on securing the future of critical minerals. The Critical Minerals Action Plan, a framework for ensuring ethical and robust supply chains, was introduced at the end of the three-day summit. They also agreed on applying strategic policies, such as price floors and joint procurement to reduce reliance on China, which accounts for more than 70 percent of global rare earth mining.
October 05, 2025 20:21
Regional powers competing for leadership in critical minerals sector
A worker prepares a sign ahead of the G7 summit at a satellite location in Banff, Alberta, Canada, June 14, 2025. (Reuters)
Short Url
https://arab.news/4srzv

About 20 countries including G7 states in talks on rare earths including calls for US to guarantee minimum price

Group of Seven leaders provisionally agreed Monday on a strategy to help protect the supply of critical minerals and bolster…

More than 50 countries are represented at the Critical Minerals Ministerial to discuss how to reduce reliance on China.

Western nations are seeking to diversify their supply chains for resources used to make semiconductors, EVs and advanced weapons.

U.S. Treasury Secretary to urge G7 and allies for urgent action to reduce reliance on China for rare earth minerals.

The U.S. is mobilizing allies into a preferential trade bloc for critical minerals as part of efforts to counter China's…