Why Is Shenghe Interested

Food for thought. Hence our Chinese counterparts interest in  looking to set up resource and separation facilities unrestricted, via government policy either environmentally or via financial impositions,  to ensure their continuance of revenue growth beyond these homeland restrictions.

Extracts;
China has begun imposing export restraints on these elements in order to benefit its domestic economic development. This reduces global supply and thus artificially leads to higher prices for importing countries.
China's reserves are indisputably finite. The Chinese government has, therefore, stated its commitment to use these reserves for the prime benefit of China's own economic development.
The continuing restrictions are undermining the international market system's confidence in China as a reliable provider of raw materials for global supply chains.
Demand for rare earths is projected to grow at annual average rates of 8-11 per cent in coming years, but demand for those rare earths critical to green technology will be even higher.12
The most important message from the experience of 2010 is that the industrialised countries must manage their resources better.13
Thus, 2010 was a wake-up call to importing countries to accelerate their efforts to provide alternative sources of rare earths. And, indeed, this is already happening.


https://archive.intereconomics.eu/y...-export-restrictions-on-rare-earth-resources/