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Japan, France, Canada Push for Rare Earth Diversification

3/15/2026

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Summary

Story summary

Japan, France, and Canada seek supply-chain diversification away from China, which holds over 90% of global rare earth production.
They explore import quotas and subsidies to bolster Western mining projects and compete with Beijing and Washington.
The EU's 2024 Critical Raw Materials Act aims for 10% domestic extraction by 2030.
Experts warn dependence on China will persist due to its advanced processing, possibly a decade for others to catch up.

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Story summary

Japan, France, and Canada seek supply-chain diversification away from China, which holds over 90% of global rare earth production.
They explore import quotas and subsidies to bolster Western mining projects and compete with Beijing and Washington.
The EU's 2024 Critical Raw Materials Act aims for 10% domestic extraction by 2030.
Experts warn dependence on China will persist due to its advanced processing, possibly a decade for others to catch up.