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.

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

G7 leaders have agreed to reduce its dependence from a single supplier for rare earths and strengthen coordination.