Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals

Rare Earth Stocks Pop After G7 Unveils Plan To Reduce Dependence On China For Critical Minerals Rare earth stocks spiked on Wednesday after G7 leaders agreed to strengthen coordination on critical minerals as they seek to reduce dependence on China-dominated supply chains, according to a new report from Reuters. Without naming China directly, the group set a goal of limiting reliance on any single external supplier of rare earths and permanent magnets to less than 60% by 2030, w...

By Tyler Durden