baotou report, page-9

"Would suggest that FOB sales for the past Q would have been breakeven at best, again Baotou is in no position to start a price war while the export imposts remain unchanged"

currently being should be so.

but would be possible that there will be some dramatic changes.

whether Note, coincidentally, when the end of three months consolidation (the period of 15 Aug to 15 Nov), as the time of WTO ruling on the rare earths case which appeal by
US,EU,Japan, and expected China will almost certainly lose.

to this end, China needs:

Accelerated compression illegal production, smuggling, Reduce excess capacity, etc, as soon as possible;

set up "only 3-4 of Super Rare Earth Groups" such as BHP-RIO-CVRD, as soon as possible, those can have similar monopolistic to the RE price, the results will be the domestic prices approaching FOB price;

has a potential possible to meet WTO ruling, relax or abandon the quota for some of surplus species in Light rare earths, but while maintaining absolute monopoly in the heavy rare earths, if so that LREE will appear fierce competition as Baotou general manager Zhang Zong predicted of "the world's rare earth price war is inevitable".

the rare earth trading platform delayed due "conflicts of interest", Ganzhou of China's largest heavy rare earth group still reluctant to join the Baotou Rare Earth Exchange.