Good news unveils the trend that South Asia will replace part function of China in terms of global manufacturing. So far, the Vietnam take the lead. There is a good settings in Malaysia to ramp up NdFeB production, I just google and find : Shin Etsu (Malaysia) Sdn, Bhd, production and sales RE magnets and VCM. Moreover, I think only demand from Toyota's shift would tight Lynas' supply.
Before China was permitted to join WTO, South Asia's economy was much advanced than China . But US "betrayed" them and embraced CCP. Perhaps, the Democratic was jealous of the Republic's triumph to push the Berlin Wall down, and wanted to make it happen in Asia. But it turns out to be a disaster.
I am cautiously more optimistic that the ecosystem of ROW will emerge sooner. EVs making is US and EU's competitive advantage leaving China behind. 3 EVs plants are on the way in US simultaneously, Berlin Gigafactory just open.
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