Overview
- Canada says the pact will deploy coordinated offtake agreements, price floors and stockpiling to blunt manipulation in key materials.
- The announcement is slated for Friday at the close of the two-day energy and environment ministers’ meeting in Toronto.
- President Trump announced a one-year rare-earths arrangement with Xi Jinping that pauses Chinese export restrictions, complicating a unified G7 strategy.
- Officials say the framework will prioritize enabling specific mining and processing projects, with a heavy Canadian focus and stronger traceability requirements.
- China dominates rare-earths supply chains, controlling roughly 60–69% of mining and over 90% of processing, driving partners to diversify sources.