G7 forges critical minerals alliance, platform to cut reliance on China:
EVIAN-LES-BAINS, France (Reuters) -- Group of Seven leaders agreed on Wednesday to step ...
asia.nikkei.com/business/markets/commodities/g7-forges-critical-minerals-alliance-platform-to-cut-reliance-on-china
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G7 Launches Alliance to Secure Critical Mineral SupplyThe goal is to reduce reliance on any single supplier to below 60% by 2030, beginning with nickel and lithium as pilot minerals.
Key FactsJun 17, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: asia.nikkei.com
Summary created with AI assistance · Source: asia.nikkei.com
- G7 countries agreed to enhance coordination to decrease dependence on China for essential minerals.
- The initiative starts with harmonized mechanisms for lithium and nickel, expanding annually to include five additional minerals.
- A platform working with the International Energy Agency will provide market monitoring and early risk warnings.
- Since early 2026, 195 projects have been announced with €64 billion in investments, supported by finance institutions and export credit agencies.
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