What is the G7 proposing to address dependence on China for critical minerals, and where might the new unit be located?

The G7 countries are in talks to create a permanent secretariat to oversee critical minerals initiatives and ensure continuity beyond rotating presidencies; the secretariat could be housed at either the International Energy Agency (IEA) or the Organisation for Economic Co-operation and Development (OECD), both based in Paris.

Why are European governments reluctant to support a single shared stockpile or U.S. leadership on critical minerals coordination?

European governments rejected the idea of a single shared stockpile in favor of national control over reserves and oppose U.S. leadership due to concerns that access to critical minerals could be restricted during a crisis.

G7 in talks to set up permanent unit to oversee critical minerals agenda

May 5, 2026

The G7 is considering a permanent secretariat to coordinate critical mineral supplies and reduce dependence on China, focusing on resources like lithium and rare earths. Talks include stockpiling measures and potential hosting by the IEA or OECD in Paris.

reuters

2026-05-05

G7 in talks to set up permanent unit to oversee critical minerals agenda

G7 in talks to set up permanent unit to oversee critical minerals agenda

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