G7 leaders agree to cap China’s share of critical mineral imports by 2030

On Wednesday at a summit in France, G7 leaders launched a formal alliance to diversify global supply chains for critical minerals.

The group set a target to limit any single country’s share of their mineral imports to 60% by 2030 to prevent supply chain chokepoints. While the members agree on the goal, the U.S. is facing pushback from European allies over a proposal to use AI models to regulate global mineral prices. These minerals are essential for manufacturing high-tech weapons, electric vehicles, and artificial intelligence, making their availability a matter of national security.

Negotiators will now work to finalize a "crisis platform" that allows member nations to share stockpiles during sudden supply shortages.