International Business and TradePolicy

G7 Nations Coordinate Response to China’s Rare Earth Export Restrictions, Pursue Supply Chain Alternatives

The Group of Seven nations has agreed to maintain a unified approach to China’s recent export restrictions on rare earth minerals. European officials confirm coordinated efforts to address supply chain vulnerabilities while pursuing supplier diversification.

G7 Nations Forge Unified Stance on Chinese Export Controls

Finance ministers from the Group of Seven nations have reached consensus on maintaining a coordinated response to China’s expanding export controls on rare earth minerals, according to reports from Washington meetings. European Economic Commissioner Valdis Dombrovskis confirmed the agreement occurred during International Monetary Fund gatherings, where officials expressed shared concerns about China’s dominant position in global supply chains.

BusinessManufacturing

UK Rare Earths Refinery Scrapped as Project Shifts to US Amid China Market Dominance

A major UK rare earths refinery project at Saltend has been abandoned as developer Pensana shifts focus to the United States. The decision highlights growing tensions in global critical minerals supply chains and China’s market dominance in the sector.

UK Rare Earths Refinery Project Abandoned

A planned rare earths refinery in the United Kingdom has been scrapped in favor of developing similar facilities in the United States, according to reports. The Saltend chemical park project, which would have given the UK a strategic position in the rare earths industry currently dominated by China, has been officially dropped by developer Pensana.