I have to agree rob.
Many miss the point that China feel they are losing control of the RE market, NO MATTER HOW LOW THEY GO.
And don't just take my word for it, look at their actions.
They have used monopolization of markets and price for control,
They know the are loosing their grip, so will now nationalize from October 1 in an effort to keep control.
But, They have gone too far with nationalization.
The key to keeping the west on the hook would be to guarantee supply and keep prices low....But the weaponising of this commodity and threats to halt supply, have pushed the west too far.
Because once the supply chain is established outside of China, it is the beginning of the decline for them.
So they crash prices and keep them low, where even decent new projects like VMM and MEI struggle to make sure to financiers and institutions.
And those to prosper are the early movers like us, on the radar of oem's, governments, alloy makers and hopefully a key part of their strategic plans, and the new, emerging ex China supply chain.
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I have to agree rob.Many miss the point that China feel they are...
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