Absolute nonsense, neither of you obviously have the remotest idea.
China has shut down or amalgamated circa 30% of capacity since 2012, and is currently constraining another 30% or more with environmental audits.
Why else do you think prices have been tentatively rising for some elements as supply/demand comes back into rough balance???
Sth HRE currently operating circa 40%, Nth LRE circa 50% from anecdotal reports. Baotou hasn't had any primary feed from IO by-product for over 12 months, they've been drawing from stockpiles & tailings.
The real Q is, how long will China be able to constrain its producers at half capacity, or will demand recover/build to absorb it?
crack downs, page-4
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