Thanks for posting, and the sad thing for China. If they had of played smart they could have maintained a near monopoly.
All they have achieved by low spot price manipulation is created the recent decouple, and urgency for the western markets to introduce a new supply chain built with government support.
The western supply market, at higher/premium prices only provides a benefit to incoming suppliers in the western side of this chain, at the expense of lower revenues for China.
I would expect China, will need to increase these spot prices shortly - as they only shot themselves in the foot… as the market further decouples.
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