China 2018 H1 RE mining & REO production quotas

There has been a fair bit of news circulating recently that China reduced 2018 H1 REO production quotas. This news was embraced by George Bauk who was recently quoted in an AFR article.

Northern Minerals managing director George Bauk was quietly confident that the Chinese quota cut spelt good news for rare earths producers elsewhere.

"With the reduced quotas only having been just announced, we are yet to see the impact flow through to prices," he said.
"However, with increased demand for rare earths in permanent magnets used in electric vehicles, we expect to see a scramble from magnet makers looking to lock in surety of supply."
http://www.copyright link/business/...ota-cut-to-help-asx-producers-20180429-h0zefb

If I was an NTU SH I would certainly hope that I could rely on the statements made by GB in the AFR article as being truthful and accurate. It is possible that some people may have bought NTU shares or existing SH’s bought more shares based on GB’s extremely positive comments.

Yet what has become very apparent since is the comments made by GB are complete false and inaccurate. China has actually increased 2018 H1 RE mining & REO production quotas.

China allocates 1H rare earths production quotas
“The first batch of rare earths production quotas in 2018 equates to 70% of the total 2017 mining quota of 105,000t.“
http://www.argusmedia.com/news/article/?id=1675337&sector=METAL&region=ALLREGION

I’m sure he was not intentionally trying to mislead? by making those statements, but then how did he get it so wrong. Certainly something I would be extremely concerned about if I was an NTU SH IMHO.