18:00 - 21.06.2026
June 21, Fineko/abc.az. The leaders of the Group of Seven (G7) nations have finalized a coordinated economic resilience policy targeting a major reduction in their supply chain vulnerabilities regarding critical minerals and rare earth elements imported from the People's Republic of China.
According to ABC.AZ, a joint statement issued by the G7 leaders outlines a strict diversification mandate, declaring that by 2030, the import share of any single nation for any specific critical mineral or rare earth material must not exceed 60%.
Core Corporate and Commodity Vectors:
Countering Market Monopolization: Currently, Beijing controls approximately 90% of the global supply of rare earth metals, which serve as foundational feedstock for advanced semiconductors, electric vehicle (EV) drivetrains, aerospace engineering, and clean-energy infrastructure. The G7's 60% cap aims to structurally incentivize alternative mining and refining operations globally.
Institutional Coordination and IEA Monitoring: To enforce this framework, the G7 will establish a specialized platform focused on policy alignment, secure data sharing, and supply-chain crisis management. The member states will closely partner with the International Energy Agency (IEA) to institutionalize market monitoring tracking, ensuring real-time detection of geopolitical risks and market deficits.
