My prediction: Market Correction next few weeks, page-14

Here’s the propaganda message from China’s Global Times:
China to establish new rare-earth mammoth through merger
By GT staff reporters Published: Dec 05, 2021 10:45 PM

‘….The establishment of the company will further strengthen China's advantages in the rare-earth industry, Wang Guoqing, research director at the Beijing Lange Steel Information Research Center, told the Global Times on Sunday.

With the concentration of the industry being gradually improved, China will have enhanced competitiveness and stronger pricing power on the international market, according to Wang, adding that China's dominance of rare earths will be further consolidated.

Wang noted that some rare-earth minerals in the country are still scattered, resulting prices being pushed down to a relatively low level. "Some rare-earth minerals have been traded for 'cabbage prices'," said Wang.

Analysts pointed out that the prices of these minerals will be raised to a healthy level under proper guidance with the new firm taking shape.

"The move partly aims to cement China's edge across the rare-earth upstream and downstream chains. It is expected that the new company will enforce stricter rules on the production quantity as well as the export volume of rare earths, which may also drive up prices," the manager said.

The creation of the company will boost the sound and sustainable development of the domestic industry and supply chains, while avoiding the blind outflow of the country's rare-earth resources, according to Wang…..’

https://www.globaltimes.cn/page/202112/1240725.shtml