G7 leaders pledged $69 billion for 195 critical minerals projects on June 17, aiming to cut rare-earth dependence below 60% by 2030. Africa holds 30% of global reserves.
Africa · Eastern
Key Facts
—The Evian pledge. G7 leaders committed to 195 critical minerals projects worth €64 billion ($69 billion) on 17 June 2026.
—China target. The bloc aims to cut rare-earth dependence on any single outside supplier to below 60% by 2030.
—Kenya’s deal. President William Ruto announced a near-final US agreement requiring domestic mineral processing.
Despite the absence of major African economies such as Nigeria and South Africa from the G7 summit, the bloc’s $64 billion…
G7 leaders launch a critical minerals alliance targeting below 60% reliance on any single non-G7 supplier by 2030, backed by $6.4…
The Group of Seven (G7) leaders have unveiled an ambitious plan to strengthen and diversify global supply chains for critical…
G7 nations unveiled a Critical Minerals Action Plan targeting a 60% import cap from any single country by 2030, backed by $6.4…
Ruto said Kenya and other African nations would not choose between Washington and Beijing, but instead pursue multiple…
From Kenya to Ghana to Mali, governments are insisting their minerals be processed at home before they leave.
