G7 Forms Critical Minerals Alliance to Cut Dependence on China

The G7 nations announced a new Critical Minerals Alliance at a summit this week. The alliance aims to diversify supply chains for minerals essential to high‑tech and clean‑energy sectors. Members will coordinate investment in mining projects outside China. The initiative includes joint research, strategic stockpiles, and policy alignment. Reducing reliance on Chinese sources is presented as a security priority. The alliance will develop a roadmap for faster deployment of alternative sources. Industry observers expect increased funding for mining in allied countries. The G7 plans to report progress on the alliance within the next year.