Japan, France and Canada consider alternatives to US raw material alliance Japan, Frankreich und Kanada erwägen Alternativen zur US Rohstoffallianz

Article: https://www.handelsblatt.com/politik/international/distanzierung-japan-frankreich-und-kanada-erwaegen-alternativen-zu-us-rohstoffallianz/100206399.html AI summary: Japan, France and Canada are considering alternatives to a US led trade bloc for critical raw materials in order to reduce reliance on China and strengthen supply chains. Officials discussed measures such as import quotas for rare earths, subsidies for mining companies and a Canadian proposed buyers club. The discussions suggest some distance from a US dominated proposal by Vice President JD Vance. Instead, leaders such as Canada’s Prime Minister Mark Carney have called for cooperation among middle powers. Representatives from the three G7 countries outlined different approaches, including subsidized projects, broader international cooperation and potential production alliances. The urgency stems from China’s control of more than 90 percent of key metals used in electronics, electric vehicles and weapons, as well as its recent export restrictions. Canada has also signed 30 agreements with 12 countries worth 12.6 billion Canadian dollars to support mining and technology investments.