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Japan Pushes G7 Floor Price, Targets 60% Rare-Earth Cut

6/20/2026

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Summary

Story summary

Japan urges G7 to set a floor price on critical minerals to shield chains from China’s export limits.
Prime Minister Sanae Takaichi said the G7 will stockpile and cut rare-earth reliance to below 60 % by 2030 after China’s January ban on dual-use exports to Japanese military users tripled prices.
Japan secured 7,200 metric tons of neodymium and praseodymium from Lynas through 2038 and will fund a Fukui refinery costing 35 billion yen.

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Story summary

Japan urges G7 to set a floor price on critical minerals to shield chains from China’s export limits.
Prime Minister Sanae Takaichi said the G7 will stockpile and cut rare-earth reliance to below 60 % by 2030 after China’s January ban on dual-use exports to Japanese military users tripled prices.
Japan secured 7,200 metric tons of neodymium and praseodymium from Lynas through 2038 and will fund a Fukui refinery costing 35 billion yen.