International Coordinating Body
Appears in 2 stories · Last updated Oct 16, 2026
Active; members from 54 countries
For more than two decades, China has refined nearly every rare earth element used in smartphones, fighter jets, and wind turbines. In February 2026, the White House launched the Forum on Resource Geostrategic Engagement (FORGE), a 54-country coalition to build supply chains outside China, and in May Japan and Australia committed A$1.3 billion to mining and processing projects for gallium, nickel, graphite, rare earths, and fluorite.
Updated Oct 16
As of May 2026: Newly launched, chaired by South Korea through June 2026
China controls roughly two-thirds of global rare earth mining and about 90 percent of processing, a concentration the United States now treats as a national security threat. On February 4, 2026, Secretary of State Marco Rubio convened ministers from 54 countries in Washington to launch a preferential critical-minerals trade bloc with price floors, billions in financing, and FORGE, a new coordinating body.
Updated May 27
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