LYC 2.89% $5.69 lynas rare earths limited

22 "black" brought into the fold

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    "At the meeting, Li Zhuxing, director of China Southern Rare Earth Group, signed a "consolidated cooperation agreement" on behalf of China Southern Rare Earth Group and 22 rare earth resources recycling enterprises. Twenty-two rare earth resources recycling enterprises in the province were formally integrated into the rare earth group."

    http://newmat.chinaiol.com/xtcl/r/0328/31180206.html

    Appears consolidation still ongoing with 22 "recycling enterprises", one of the main sources of "illegals", brought under closer supervision.

    Principal feedstock for these ops in magnet swarf, to which they add concentrate outside production quotas. Perhaps further evidence the Dragon is quite intent on cleaning up its act and restoring economic values at primary production.

    Really hard not to conclude that the ducks are finally lining up.
 
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