Group 1 - The G7 and EU are considering setting a price floor for rare earths to boost production and may impose taxes on certain rare earth exports from China to encourage investment in the sector [1][2] - The G7 countries, except Japan, are highly dependent on China for various materials, including rare earth magnets and battery metals, prompting discussions on increasing regulatory thresholds for foreign investments in critical raw materials [1][2] - There are internal disagreements within the G7 regarding the implementation of regional restrictions, which may include local procurement rules or limitations on public procurement from specific countries like China [1] Group 2 - The U.S. government is collaborating with the G7 and EU leaders on broader trade measures to prevent low-priced dumping of rare earths, including tariffs and price floors [2] - The U.S. has recently introduced a price floor mechanism to encourage domestic rare earth production, with G7 officials considering similar subsidy-supported policies [2] - Despite efforts to reduce reliance on China, the significant role of China in the global rare earth supply chain remains a challenge for G7 countries, as Chinese products offer competitive pricing and meet specific customer needs effectively [2]