The G7 and the EU are weighing a bold response to China’s tighter export controls: coordinated price floors on rare-earth minerals. The aim is to steady global supply chains and reduce dependence on a single supplier. Rather than relying on tariffs, a minimum price would tame volatile markets, prompt investors to back Western mining and refining, and strengthen critical tech and defense supply lines. The proposal signals rare transatlantic unity to diversify sources, accelerate reshoring of capacity, and deter future economic coercion-while confronting difficult implementation challenges and likely geopolitical pushback