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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.
Japanese Prime Minister Sanae Takaichi has proposed a G7 partnership on strategic mineral reserves to secure critical supply chains for high-tech and defense materials. The initiative aims to reduce dependence on dominant suppliers like China amid rising geopolitical tensions.
Japanese Prime Minister Sanae Takaichi and Italian Prime Minister Giorgia Meloni agreed on June 8 to strengthen high-tech and strategic mineral cooperation, focusing on semiconductors and supply chain resilience. The leaders also discussed bolstering defense ties amid a volatile geopolitical environment.
The 1,300-km Lobito corridor, connecting Angola to Central Africa's mineral belt, has been touted by US officials as a model partnership but faces criticism for prioritizing resource extraction and US strategic goals over local benefits. Critics warn of displacement, environmental risks, and neo-colonial practices.
India and the US have signed a framework agreement to secure supplies of strategic minerals and rare earths, as Washington seeks to diversify supply chains and reduce reliance on China. The deal covers mining, processing, recycling, and investment across the entire supply chain.
G7 finance ministers and central bank governors have agreed to strengthen strategic mineral supply chains to reduce dependence on China, which dominates critical resources like rare earths, lithium, and graphite. The joint statement emphasizes diversification, domestic investment, and partnerships with reliable allies amid rising geopolitical tensions.
Japanese Prime Minister Takaichi announced that Japan and South Korea will deepen cooperation on strategic mineral supply to ensure stable supply chains amid rising global competition. The partnership focuses on critical minerals like lithium, cobalt, and rare earths to reduce external dependencies and enhance economic security.
Japan and Australia have agreed to bolster cooperation on critical minerals and energy supplies, aiming to reduce dependence on dominant suppliers like China and mitigate risks from Middle East tensions. The deal covers rare earths, lithium, and clean energy technologies such as hydrogen and ammonia. Analysts see it as part of a broader push by developed economies for more resilient supply chains.
Japan and Australia have agreed to strengthen cooperation on securing supplies of strategic minerals and energy, aiming to tackle geopolitical challenges and climate change, Kyodo News reported.
