<ul data-eligibleForWebStory="true"><li>The G-7 leaders are working on securing critical minerals to reduce reliance on China for key materials used in various industries.</li><li>An 'action plan' is being discussed during the G-7 meeting in Canada to diversify supplies of vital metals and promote immediate investment in projects.</li><li>China, a dominant player in rare earth production, poses a significant risk to the global economy due to its control over these critical minerals.</li><li>Export controls imposed by China on rare earths and other materials have highlighted the vulnerability of western economies.</li><li>The draft document emphasizes the importance of resilient critical minerals supply chains governed by market principles.</li><li>There is a call for increased investment in responsible critical minerals projects to ensure future supply chain security.</li><li>Encouragement is given for multilateral development banks and private lenders to provide financing for critical minerals projects.</li><li>The G-7 nations involved in this initiative include the US, Canada, Japan, Germany, the UK, France, Italy, and the European Union.</li></ul>

G-7 Works To Secure Critical Minerals In Face Of China Curbs

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