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The G7's Urgent Dependency Dilemma: Raw Materials and China's Grip
In a pivotal moment for the world economy, G7 nations are increasingly confronted with the stark reality of their dependency on China and other BRICS countries for vital raw materials. As Europe grapples with escalating energy costs stemming from its reliance on Russian oil and natural gas, the issue of raw material dependence has become more pronounced, particularly when it comes to heavy rare earth metals.