Spot on, they've just announced: "China will set the import duties for rare earth compounds, carbonates and concentrates to zero in 2022."
Already at a low 5% that's further incentive to export RE feedstock to China, where REO operating capacity is ~50% ATM, and similar overcapacity high end NdFeB.
They are highly motivated to maintain their near monopoly RE supply chain.
LYC: Insanely overvalued, page-315
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$6.15 |
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Mkt cap ! $5.748B | |||
| Open | High | Low | Value | Volume |
| $6.18 | $6.37 | $6.08 | $26.63M | 4.279M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17840 | $6.14 |
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| Price($) | Vol. | No. |
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