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.