The G7 just pledged to break China’s rare earth grip — there’s a lot of work to do

The G7 nations have set an ambitious goal to reduce China's control over rare earth elements to 60% by 2030, signaling a significant move to diversify supply chains and reduce dependency on Chinese resources. This bold target aims to tackle China's dominance in a critical area for modern technology, including electronics and green energy. Experts believe this initiative could reshape global supply chains, but acknowledge the substantial effort and investment required to achieve this shift. This move has broader implications for geopolitical strategies and the global push towards sustainable technologies.