At this year’s G7 summit, European Commission President Ursula von der Leyen held up a symbol of the West’s bid to gain supply chain independence from China: a rare earth magnet.

“It was manufactured in Estonia, by a Canadian company using raw materials sourced from Australia and supported by the EU’s Just Transition Fund,” the European Union chief <a href="https://ec.europa.eu/commission/presscorner/detail/en/statement_25_1522" target="_blank" class="article-hover-class">told</a> the other heads of state, including President Donald Trump, on June 15.

The United States has resumed its efforts to build its own domestic supply chain of rare earths after decades of struggles. Will it succeed this time?{ai:summary}<p>At the G7 summit, European Commission President Ursula von der Leyen showcased a rare earth magnet as a symbol of the West's effort to achieve supply chain independence from China. The magnet was produced in Estonia by a Canadian firm, utilizing Australian raw materials and EU funding. </p><p>This initiative highlights the EU's commitment to diversifying supply chains and reducing reliance on Chinese resources. #economy</p>

Beijing Weaponized Rare Earths—How the West Is Responding

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