[pbmonster]

> Mostly China doesn’t mine materials but has concentrated the refining capacity

Unless I'm working on old information, this is not correct. The overwhelming majority of neodymium mining capacity is currently in China.

> you’d know they have their own mine:

Sure, but to make a difference from a geopolitical perspective, we need more than that. And I don't see those kind of mines being opened on a large scale anywhere in the west. Regulations are challenging and environmental resistance is significant.