The G7 group of industrialised economies has endorsed Washington's proposal for fragmenting global industries underpinning energy transition, in the name of preventing security risks caused by the lack of supply diversification. The G7 leaders' summit in Hiroshima, Japan, on 19-21 May designated critical minerals, semi-conductors and electric vehicle (EV) batteries for special protection. The group made its first statement on economic resilience and security, pledging to build resilient supply chain networks among trusted partner countries, and pushing back against "non-market policies and malign practices".
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