Stockpiles have existed for years, and Japan+SK began building an ExChina REE supply chain in the 2011-17 era that most other countries are piggybacking on.

> UK, EU, and Australia are going to stockpile REE's if they don't have the capability to process the ore

They do. The issue has been price. They only began working on building an ExChina supply chain 2019 onwards, and this current G7+ announcement is part of that larger strategy that officially began under Biden but has been cooking for years.