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The G7 has agreed to reduce reliance on any single rare earth supplier to below 60% by 2030 to diversify supply chains and counter geopolitical risks. China currently dominates refining, providing over 80% of global supply. The plan involves cooperation with resource-rich countries, investment in domestic processing, and new mining projects.
G7 leaders have committed to diversifying global critical mineral supply chains to reduce dependence on a few countries. The joint statement released June 16 stresses building transparent, sustainable and reliable supply chains. The group also vowed to boost investment in domestic mining and processing and to support fair participation by developing countries.
The G7 has agreed to reduce dependence on a single supplier for critical minerals, aiming to enhance economic security and mitigate geopolitical risks. The deal focuses on diversifying sources of lithium, cobalt, nickel, and rare earths, key materials for green technologies.
The G7 has officially committed to a coordinated response against economic coercion, particularly in the strategic minerals sector. The agreement aims to protect supply chains for minerals essential to batteries, semiconductors, and green technology amid rising global competition. The statement remains a political pledge without detailed measures.
A preliminary ceasefire deal between the US-Israel coalition and Iran has sent crude oil prices to a three-month low, but U.S. gasoline prices may not drop meaningfully for months. Supply chain bottlenecks, the need to replenish inventories, and high summer demand are expected to keep prices elevated into 2027.
The Japanese and Italian prime ministers have agreed to deepen cooperation in technology and economic security. The leaders discussed high-tech fields such as AI, cybersecurity, and clean energy, as well as supply chain security. The agreement aims to boost business investment and R&D collaboration between the two nations.
Japanese and British prime ministers on June 15 agreed to boost cooperation on economic security and emerging technologies. The leaders met in London as Tokyo moves to strengthen mineral supply chains, energy, and defense sectors. Both nations emphasize diversification of supply sources and reducing reliance on other countries in high-tech and energy fields.
Facing tight budgets, universities are being pushed by tech companies to integrate AI. Students and faculty express skepticism as institutions sign costly deals, risking a loss of educational values. The trend threatens to turn universities into mere cogs in a Big Tech profit machine.
A year-long investigation by Global Witness has found that Amazon, Sony, and Ericsson likely purchased coltan from mines controlled by the M23 rebel group in the DRC. The coltan is smuggled into Rwanda and processed in China and Kazakhstan. The UN estimates M23 earns nearly £600,000 per month from the coltan tax.
