G7 countries must act quickly to reduce their dependence on rare earths, German Finance Minister Lars Klingbeil has said.
Klingbeil made the comments on Monday while attending a meeting of G7 finance ministers in Paris.
G7 Told to Act Fast to Cut Rare Earth Dependence on China
German Finance Minister Lars Klingbeil has urged the G7 to urgently diversify to counter China’s dominance in rare earth supplies.
German Vice Chancellor and Finance Minister Lars Klingbeil at the lower house of parliament, the Bundestag, in Berlin, on May 15, 2025. Lisi Niesner/Reuters
