The group plans to pump billions into critical minerals projects to break free from Chinese supplies.

Rare earths will remain an “important card” for China in its relations with the United States, despite the Group of Seven’s commitment to challenge Beijing’s dominance of the critical minerals, according to a Chinese observer. At a meeting in the Canadian city of Toronto on Friday, G7 energy ministers agreed to establish a critical minerals production alliance. The plans include more than two dozen new investments, partnerships and measures to accelerate and unlock C$6.4 billion (US$4.57…

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