G7 Must Cut Rare Earths Dependency German Minister Says
German Finance Minister Lars Klingbeil urged G7 nations to reduce their reliance on China for rare earths. He proposed new recycling quotas and procurement.
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Germany Finance Minister Lars Klingbeil urged G7 nations to accelerate plans to reduce rare earths dependency on China. China dominates supply chains vital for electric vehicles, renewable energy, and defence systems. Investors face supply chain risks as G7 leaders prioritize recycling quotas and domestic production to ensure long-term sovereign security.
