The Chinese Government does exactly what the CCP dictates, Every...

The Chinese Government does exactly what the CCP dictates, Every Chinese Company over a certain size must have a CCP rep who basically tells their Directors/Management what is expected of them. Shenghe, Baotou etc are Chinese (Government) Companies controlled by the CCP,

The Shanghai Metals Exchange is also controlled by the CCP ~ So when Xi says China will maintain its Critical Minerals Monopolies the simple tactic is to drop RE prices below what Western Companies can produce MREC for. Which is what they did to Lynas back in 2012.

It gets worse ~ The miners (Shenghe & Baotou) don't have to show a profit and could even operate at a massive loss; because the CCP can control the whole production chain from mine to EV, it only needs to make a profit at the very end, ie selling low cost EV's to the West !!

The only way out of this is for the West to establish it's own supply chain and then ban/restrict the import of Chinese EV's / magnets. Which is why ESG is such an important aspiration ~ the China would have no hope of complying with any of its constraints : Pollution, human rights, transparency !