G7 Summit Targets Critical Mineral Supply Chain, Plans to Invest Huge Sums to Resolve Rare Earth Dilemma

The Group of Seven (G7) leaders at the summit that concluded this Tuesday brewed up a key mineral supply chain protection strategy in response to the global industrial chain disruption caused by restrictions on rare earth supply. According to the draft document of the meeting, the document directly points out that "non-market means are threatening the stable acquisition of key minerals needed for industrial production" and emphasizes the need to build future supply chain resilience through "massive immediate investment," focusing on addressing real obstacles such as approval delays, market manipulation, and price fluctuations faced by mining and processing projects. The draft proposal, which is still pending final approval by the leaders, specifically suggests mobilizing multilateral development banks and private financial institutions to provide targeted financial support for key mineral projects that meet certain standards through "innovative financing tools." It is worth noting that while the full text does not directly mention China, it clearly points to the global rare earth supply landscape - currently China dominates with about 70% of global production, making this resource concentration an important bargaining chip in international trade negotiations. During the summit, global trade issues were the focus of the three-day agenda held in Canada. Outside the venue, US President Trump and UK abruptly signed a tariff agreement and left early, adding a dramatic twist to the meeting.