The Financial Post reports in its Thursday, June 19, edition that Prime Minister Mark Carney says G7 countries and their allies will form a "critical minerals production alliance" to stockpile and develop materials that are essential for defence systems and advanced technologies. The Post's Meghan Potkins writes that Mr. Carney also said Canada has immense potential to become a supplier of critical minerals and rare earths to allies that have grown increasingly concerned about China's dominance in the sector. The PM said, "We will create a critical minerals production alliance, a G7-led strategic initiative to stockpile and develop critical minerals needed for defence and technology." Mr. Carney, during a press conference, brandished a small magnet that had been brought to the summit by European Commission President Ursula von der Leyen, noting that it had been formed in Estonia by a Canadian company -- Toronto-headquartered Neo Performance Materials. Mr. Carney said: "It is the only such magnet made outside of China right now. This is one of many examples that we can supply."