I will offer another theory even though you probably have me on ignore. One you can read in articles. What is important for XI is to build up a Manufacturing base in, Wind, Cars, appliances and tools all of which can realy help the country. He does not care about driving either Lynas or MP out of business. He does care about preventing many new starts up from getting a foot hold. So low peices do this and still leave him in control of the other industries and a critical base product needed by them. .
i have no idea why you would think China wants to destabilize the industry. Go back a dozen years and look what private industry was spending to find substitutes. It was starting to work and prices were dropped quickly. Yes prices went in opposite direction because of embargo but end results were clear. They learned from that experience and are taking a different tack this time.
LYC Price at posting:
$6.01 Sentiment: Sell Disclosure: Not Held
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