At the 2026 G7 Summit in France, member nations advanced a renewed Critical Minerals Action Plan, building on the 2025 framework to strengthen global supply chain resilience. Central to the update is a new non-binding Critical Minerals Resilience and Production Alliance, designed to expand coordination among like-minded countries and streamline existing raw materials initiatives. The G7 remains focused on reducing dependency on any single supplier to less than 60% by 2030, with a longer-term aim to bring that figure down to 50%.

To achieve this, the G7 outlined progress across six pillars: industrial cooperation, financing, market structuring, transparency, stockpiling, and recycling. Since the start of 2026, 195 projects have been announced with €64 billion ($104.8 billion) in investment mobilized. The group is also advancing a data-sharing platform to support emergency planning and monitor commitments, working alongside the OECD and the International Energy Agency.

A key focus is countering non-market policies, such as export restrictions and politically driven trade barriers, which the G7 warns threaten economic security. The group emphasized traceability pilots for lithium and nickel, with plans to expand to five additional critical minerals annually, especially rare earths. Domestic stockpiling frameworks and support for recycling, including from mine waste, are also central to the strategy.