"The total control indicators for rare earth mining, smelting and separation in the first two batches of 2023 are 240,000 tons and 230,000 tons respectively . Compared with 2022, they will increase by 14.3% and 13.9% respectively"
Flat as expected unlike the H2 increase last year or decrease 2018 suggesting CCP has prices in the Goldilocks zone, it's scale producers are profitable but marginal incentive for ROW wannabes while still pushing an impressive 14% growth on 25% previous year. This ignores imported ore & con which are outside the domestic quota system.
China clearly illustrated its capacity to respond to demand and will be very wary of speculation running prices out of their comfort zone going forward.
LYC Price at posting:
$6.79 Sentiment: Hold Disclosure: Held
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