Wastewater below limits, page-14

China simply can not be viewed as a single entity with a common goal, various strong influences in play, politically & commercially.

Despite all the glossy hype RE is at a pitch point, still dealing with the legacy of massive demand destruction resulting 2011 insanity. Simply incredible that in a supposedly State controlled economy, finally rationalised to just 6 primary players, that we would see such crazy, damaging speculation H2 2017.

Could anyone need any further evidence of conflicting forces?

Lynas is now a major driving influence in the positive adoption of RE, a stabilising influence in a very immature mkt, obviously a big macro China 2025, it is also a competitor, probably producing ~30% global NdPr @ current production rates.

IMO the mkt is yet to grasp that significance, or its influence ROW offtake NdFeB as witnessed export trend.