G7 Caps Any Single Critical Mineral Supplier at 60% by 2030
Updated
Updated · Bloomberg · Jun 17
G7 Caps Any Single Critical Mineral Supplier at 60% by 2030
3 articles · Updated · Bloomberg · Jun 17
Summary
G7 leaders agreed at their Evian summit that no single country should account for more than 60% of members’ critical mineral imports by 2030, according to people familiar with the talks.
Binding quotas are set to apply to companies in some industrial sectors, a step aimed at forcing supply-chain diversification away from China, which now dominates rare earths and other critical minerals.
Defense manufacturers were a particular focus of the discussions, reflecting concern that strategic industries remain too exposed to Chinese supply.
The group also pledged a joint platform to boost alternative supply through recycling and new mining projects, widening the push beyond import caps to longer-term capacity building.
Can the G7 outmaneuver China's head start in the global race for critical minerals before the 2030 deadline?
Will challenging China's mineral dominance trigger a wider economic conflict that destabilizes the global economy?
G7 Sets 60% Cap on Critical Mineral Suppliers by 2030: Securing Clean Energy and Reducing China’s Dominance
Overview
In June 2025, the G7 nations agreed to cap any single supplier’s share of critical minerals at 60% by 2030, responding to growing market vulnerabilities and geopolitical risks. This move directly addresses China’s overwhelming dominance in refining and processing these essential materials, which has intensified since 2020 and poses a significant threat to global supply chains. China’s willingness to use export restrictions, especially on rare earths and other key minerals, has heightened concerns about supply security. The G7’s decision aims to reduce this concentration, strengthen supply chain resilience, and support the global clean energy transition.