China removed the tariff on IMPORTS of MtP concentrate, which...

China removed the tariff on IMPORTS of MtP concentrate, which March Q were already +23kt and twice the 2019 run rate.

Beijing is allowing these imports at a time of weak domestic demand, creating price competition among Chinese processors and depressing NdPr prices well below economic levels.

Shouldn't be too difficult to work out the negative impact on all ROW RE interests, particularly with ARU requiring a $73.50kg "incentive" price.

Cruz has named his self interest piece the ORE Act, does that tell you anything?

He's clearly doing the bidding of domestic lobbyist's for marginal US resource, and proposing a ridiculous, unworkable, 200% taxpayer rebate, totally in contrast to the DoD tenders which emphasise the need for a commercially viable supply that will not require ongoing taxpayer subsidy.

Cruz's hot flush will go nowhere, USG already signed Critical Metal agreements with Australian & Canada for surety of supply, finally got their eyeballs above heir navel and focused on US processing distinct "wot's in the ground".