The Group of Seven nations convened in Evian, France, and agreed to reduce their dependence on China for critical raw materials, specifically rare earth elements and permanent magnets. Leaders set a goal to ensure no single country – implicitly China – supplies more than 60% of the G7’s needs by 2030, with a further reduction to 50% planned as soon as feasible. This decision comes amid growing concerns over supply chain vulnerabilities and increasing competition from low-cost Chinese imports, which are currently being debated by European leaders. The agreement signals a strategic move towards diversifying supply sources and bolstering economic security. While the specific implementation details remain unclear, the initiative reflects a broader trend of Western nations seeking to lessen their reliance on Chinese dominance in key industries. The move aims to mitigate potential geopolitical risks associated with concentrated supply chains.