Jun 18, 2026 – 4.00pmRare earths developers are bracing for a surge in demand after the leaders of seven major developed economies agreed to guarantee at least 40 per cent of the supply of materials needed for the production of high-tech magnets will come from producers outside China by the end of the decade.The agreement, struck at the G7 conference in France, includes a target of ensuring half of all rare earths needed for the production of the magnets, used in everything from electric vehicles to wind turbines, is sourced from companies that are unconnected to Beijing.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rare earths miners brace for demand spike after G7 vows to ditch China
The group of major developed economies said at least 40 per cent of the supply for high-tech magnets should come from sources outside Beijing’s control by 2030.
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