Increased quotas could simply be in anticipation of increase in demand in the new year. Chinese govt may simply want to ensure supply to preempt rampant speculation and hoarding leading to price volatility. Or ensure overcapacity to keep prices lower than higher as a barrier to outside China wannabees. Who knows? Just another thing to be aware of, knowledge is power. Can't wait for the day western govts implement these policies to finally ensure outside China producers have half a fighting chance. I'm not in any way worried about Lynas btw, we are one of the lower cost producers, even compared to some inside China operators.
LYC Price at posting:
$6.75 Sentiment: None Disclosure: Held
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