Leaders from the Group of Seven (G7) nations have agreed to reduce their dependence on China for critical raw materials. The agreement, reached at a summit in Evian, France, sets a target of no single country supplying more than 60% of the G7's rare earths and permanent magnets by 2030, with a goal to reach 50% as soon as feasible. This move aims to diversify supply chains for vital materials. AI
RANK_REASON Policy agreement among major economic nations to diversify critical material supply chains. [lever_c_demoted from significant: ic=1 ai=0.1]
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