Morning all Tecas, China REE cut of10 Jun 2019 02:08
Hey Wassatt, not to late to buy RBW. MC still below IPO, new IIs have added over the last week. Meanwhile in geo-politics:
China gears up to use rare-earth advantage
By Shen Weiduo
Global Times Published: 2019/6/9 21:28:40
US may feel price hike, shortage of minerals with coming policies: analysts
A series of policies, including environmental enforcement and stricter export management aiming to regulate and upgrade the country's rare-earth industry, are expected to be rolled out soon, industry insiders said on Sunday, as China's top economic planner made a rare move by holding three meetings to solicit opinions from rare-earth industry regulators and businesses within just two days.
The move, which comes amid an escalating China-US trade war, was interpreted by many industry insiders as a sign of the country's determination to take full advantage of its "rare-earth card" to counter the US, which relies on China for its supply of the strategic resources. These policies might lead to a rare-earth price hike and also will regulate the nation's rare-earth supply.
On June 4 and 5, the National Development and Reform Commission (NDRC) convened three meetings respectively with enterprises, regulators and experts in the rare-earth industry to give further clues on how to promote the high-quality development of the industry.
The NDRC also vowed in the statements that it will ramp up efforts to release more effective measures soon to strengthen regulation and "to make full use of the special value of rare earths as a strategic resource."
http://www.globaltimes.cn/content/1153603.shtml
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