{"id":26868,"date":"2025-06-18T09:23:55","date_gmt":"2025-06-18T05:23:55","guid":{"rendered":"https:\/\/gbc1.net\/?p=26868"},"modified":"2025-10-03T10:50:42","modified_gmt":"2025-10-03T06:50:42","slug":"critical-minerals-action-plan-launched-at-g7-summit-2025-in-canada","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2025\/06\/18\/critical-minerals-action-plan-launched-at-g7-summit-2025-in-canada\/","title":{"rendered":"Critical Minerals Action Plan Launched at G7 Summit 2025 in Canada"},"content":{"rendered":"\n<h2>Preamble<\/h2>\n\n\n\n<p>Recognizing the strategic importance of <a href=\"https:\/\/gbc1.net\/index.php\/tag\/criticalminerals\/\">#CriticalMinerals<\/a>, including Rare Earth Elements (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/ree\/\">#REE<\/a>) in technology and defense, in the light of certain market disruptions in the context of trade tensions, building upon the Five-Point Plan for Critical Minerals Security initiated during Japan&#8217;s G7 Presidency in 2023 and advanced in Italy in 2024, the G7 is launching the Critical Minerals Action Plan (CMAP) following the successful holding of the 2025 Summit (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/g7summit2025\/\">#G7Summit2025<\/a>) which took place in Canada from 15 to 17 June 2025. <\/p>\n\n\n\n<p>While upholding the principles of diversification, sustainability, transparency, the G7 agreed to establish a resilient <a href=\"https:\/\/gbc1.net\/index.php\/tag\/criticalminerals\/\">#CriticalMinerals<\/a> supply sources. <a href=\"https:\/\/gbc1.net\/index.php\/tag\/cmap\/\">#CMAP<\/a> serves to synergize efforts by G7 and like-minded allies in order to respond to disturbances through a set of common measures.<\/p>\n\n\n\n<h2>Standards-Based Market<\/h2>\n\n\n\n<p>The price of Critical Minerals should reflect the real costs of responsible extraction and processing while respecting labor standards, environmental protection and  anti-corruption practices. The market will serve to stabilize supply and pricing by protecting from any deliberate manipulation. <a href=\"https:\/\/gbc1.net\/index.php\/tag\/g7\/\">#G7<\/a> will task relevant ministries to draft a roadmap with milestones for the Standards-Based Market for critical minerals by the end of 2025.  <\/p>\n\n\n\n<h2>Scaling Up Investment and Developing Economic Corridors<\/h2>\n\n\n\n<p>In light of the current geopolitical tensions, the G7 recognizes the urgency for scaling up investments to secure global supply chains (<a href=\"https:\/\/gbc1.net\/index.php\/tag\/gsc\/\">#GSC<\/a>) of Critical Minerals. The G7 will partner with emerging and developing countries to develop <a href=\"https:\/\/gbc1.net\/index.php\/tag\/economiccorridors\/\">#EconomicCorridors<\/a>, such as the <a href=\"https:\/\/gbc1.net\/index.php\/tag\/lobitocorridor\/\">#LobitoCorridor<\/a> and <a href=\"https:\/\/gbc1.net\/index.php\/tag\/luzoncorridor\/\">#LuzonCorridor<\/a>, to facilitate access to Critical Minerals. G7 will foster the improvement of the investment climate through regulatory reforms and capacity building. including via the G20 Compact with Africa. The G7 will favor an approach that supports local socio-economic development while building upon community trust and reducing investment risks.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"dfe1e3\" data-has-transparency=\"false\" style=\"--dominant-color: #dfe1e3;\" decoding=\"async\" loading=\"lazy\" width=\"450\" height=\"450\" src=\"https:\/\/gbc1.net\/wp-content\/uploads\/2025\/10\/CMAP-02-450-jpg.webp\" alt=\"\" class=\"not-transparent wp-image-26874\" srcset=\"https:\/\/gbc1.net\/wp-content\/uploads\/2025\/10\/CMAP-02-450-jpg.webp 450w, https:\/\/gbc1.net\/wp-content\/uploads\/2025\/10\/CMAP-02-450-300x300.webp 300w, https:\/\/gbc1.net\/wp-content\/uploads\/2025\/10\/CMAP-02-450-150x150.webp 150w, https:\/\/gbc1.net\/wp-content\/uploads\/2025\/10\/CMAP-02-450-120x120.webp 120w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><figcaption class=\"wp-element-caption\">G7 Critical Minerals Plan (CMAP) 2025<\/figcaption><\/figure><\/div>\n\n\n<h2>Leveraging DFI, MDB and Private Sector<\/h2>\n\n\n\n<p>The G7 will direct its export credit agencies and Development Finance Institutions (DFI) to collaborate and coordinate on joint financing of critical minerals projects. Furthermore, the G7 will engage with Multilateral Development Banks (MDB) and the private sector to channel more capital into this critical sector.<\/p>\n\n\n\n<p>In that regard, the G7 will strengthen with the World Bank&#8217;s Resilient and Inclusive Supply Chain Enhancement (RISE) Partnership. Interested G7 members will also support the Minerals Security Partnership (MSP) and its <a href=\"https:\/\/gbc1.net\/index.php\/tag\/msp\/\">#MSP<\/a> Forum as well as the Intergovernmental Forum on Mining, Minerals, Metals, and Sustainable Development.<\/p>\n\n\n\n<h2>Promoting Cooperation, Innovation, and Recycling<\/h2>\n\n\n\n<p>G7 will intensify cooperation to fill innovation gaps in R&amp;D on Critical Minerals. Advances in exploration, processing, manufacturing, and recycling will be showcased and partnerships will be encouraged. As part of the wider <a href=\"https:\/\/gbc1.net\/index.php\/tag\/circulareconomy\/\">#CircularEconomy<\/a> initiative, the G7 will legislate and apply other instruments to foster the recuperation of <a href=\"https:\/\/gbc1.net\/index.php\/tag\/criticalminerals\/\">#CriticalMinerals<\/a> and <a href=\"https:\/\/gbc1.net\/index.php\/tag\/rareearths\/\">#RareEarths<\/a> from discarded materials.<\/p>\n\n\n\n<h2>Way Forward<\/h2>\n\n\n\n<p>G7 welcomes Australia, India and the Republic of Korea to participate in the Plan as part of an expanded G7+ effort. To move the Plan forward, the G7 will convene a targeted Conference on Critical Minerals in Chicago in September 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preamble Recognizing the strategic importance of #CriticalMinerals, including Rare Earth Elements (#REE) in technology and defense, in the light of<\/p>\n","protected":false},"author":1,"featured_media":26872,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[4],"tags":[81,1006,147,518,143,1008,140,369,1007,484,1002,419],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.12 - 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