A lot of this had been answered in both earlier posts and Chinese news releases regarding the matter.
The previous REE bubble saw massive price rises and rampant speculation. The net result of this was to see companies engineer REEs out of their products as the costs became too high. This combined with a WTO ruling against China saw the demand supply metrics change rapidly and prices crash.
China has openly stated that with the recent rapid run up in REE prices they were seeing a return of speculators and that they were releasing RE from stockpiles to reign in any risks of another speculative bubble. That isn't to say they don't want to see prices rise but in the long run a slower more controlled market driven rise is better for everyone.
Lynas Debt Free 2018, page-95
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