bit of not so great news overnight: (Reuters) - China on Friday...

bit of not so great news overnight:

(Reuters) - China on Friday hiked its rare earth output quotas for the first half of the year by more than 27% to record levels, potentially easing concerns of supply shortages after a spike in prices.China is the world's dominant producer of rare earths, a group of 17 minerals used in electric vehicles (EVs), consumer electronics and military equipment.

The rare earth mining output quota for the first half of 2021, to be shared among six major producers, has been set at 84,000 tonnes, a joint statement from China's Ministry of Industry and Information Technology (MIIT) and the Ministry of Natural Resources said. That is up 27.2% from a year earlier.

this news was coupled with China potentially banning export of processing technology to other countries it disagrees with politically (the first of which would be Australia in current day climate).

all in all, we probably need the US processing plant up and running, and those external to China, if we going to reduce reliance on their monopoly.

Not down ramping, DYOR