Regarding the news on 15 May (Baotou RE production halted due to water issues, & Sichuan RE mining and concentrate production stopped by local government) I struggle to understand what China is trying to do.
On the one hand they seem to have a national strategy to protect their industries by limiting exports of REs. This would suggest they would have a coordinated objective to maximise their RE production.
On the other hand, they seem to be letting local effects (driven by local enviromental issues, safety issues, or local politics) significantly run down total production. It's almost like they are hurting themselves and letting it happen. (Good for LYC, clearly, but it could be quite traumatic for global supply of the products that the REOs are used for.)
Is it that I just don't appreciate how big Chnia is, and do not appreciate the extent to which local control exists independent of 'national' control. I guess this is the new free economy China?
Any thoughts on how coordinated China's strategy on managing their precious near-monopoly might be?
china to ban 6 rees from export, page-11
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