strategic value of the HRE is "unqestioned" ???????
Sorry to be the party pooper but I'd suggest there are some very BIG questions over "HRE" as market demand re-emerges & re-balances.
Effectively "HRE" is 1000tpa Dy, 300tpa Eu & 300tpa Tb. Not difficult to find numerous articles both on the significantly reduced demand for phosphors and the rapid advances in eliminating Dy from NdFeB magnets.
EU certainly sounds pretty confident they can: " develop high coercivity Nd-Fe-B magnets with zero or drastically-reduced heavy-rare-earth (HRE) Dy or Tb content"
http://cordis.europa.eu/result/rcn/156247_en.html
The Chinese Takeover Furphy, page-13
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