Good point, "principals plan to progress options to support new investment in the sector to diversify supply chains", reads like they are moving to set up tariffs, 13% to neuter China's domestic VAT refund.
Also here: "Urging caution about economic decoupling, Pascal Lamy, the former World Trade Organization director general, predicted a more autonomous and closed China was likely to prove more dangerous. But he warned: “The west cannot coexist in a free trade relationship with a country that subsidies 30% of its economy. If China is not willing to accept global disciplines on state aid then we have to review a number of trade commitments – whether it is on public procurement or in specific sectors.”"
https://www.theguardian.com/uk-news...nce-could-expand-in-scope-to-counteract-china
This is looking far more like a coordinated action, not just RE but it does appear to be the primary focus of the Critical Metal Plan ATM, very positive connotations here for the major DoD LRE tender due in a few weeks.
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