Maybe it really is different this time. Others have posted on moves by the Chinese government to regulate n stabilise the industry. Amanda and others have talked about strong demand and growth fundamentals. Found the below interview on Asian Metal, Chinese industry players more upbeat than in a long time.
http://www.asianmetal.com/metal_cron/2021/index_lunshi_xuliangzhang_en.shtml
NdPR price, page-3
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