Without naming China directly, the group set a goal of limiting reliance on any single external supplier of rare earths and permanent magnets to less than 60% by 2030...

G7 nations plan to cap China's rare earth market share at 60% through price floors, tariffs, and production alliances with allies like Australia and Canada.

G7 nations unveiled a Critical Minerals Action Plan targeting a 60% import cap from any single country by 2030, backed by $6.4 billion in new projects.

G7 aims to cut dependence on dominant mineral suppliers via new co-ordination measures