China's Foreign Ministry defends critical mineral export controls after G7 pledges to cap rare earth dependence at 60% by 2030, escalating supply chain

G7 leaders address critical mineral reliance on China to enhance economic sovereignty and secure supply chains during summit discussions.

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 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.

"China's efforts to standardise and improve its export control system are in line with international practices," foreign ministry spokesperson Lin Jian said at a regular briefing.…