G7 Launches Critical Minerals Alliance to Diversify Supply Chains
China controls 91% of rare earth refining, prompting G7 supply chain diversification.
Investments include stockpiling, equity deals, and funding for Northern Graphite, Ucore, and Rio Tinto.
Minister Tim Hodgson emphasized reducing market concentration and securing Canadian sovereignty.
Decarbonization minerals demand will require $30B in 2040 investments, following $13B Australia-US pipeline.
4 days ago