Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals | Metals Mine

  • Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals

    From zerohedge.com

    Rare earth stocks spiked on Wednesday after G7 leaders agreed to strengthen coordination on critical minerals as they seek to reduce dependence on China-dominated supply chains, according to a new report from Reuters. Without naming China directly, the group set a goal of limiting reliance on any single external supplier of rare earths and permanent magnets to less than 60% by 2030, with a longer-term target of 50%. Reuters reports that to support that effort, the G7 plans to align critical mineral stockpiling strategies, beginning with lithium and nickel, and establish a new platform for policy coordination, data ... (full story)

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