But this is what the Chinese are saying:
"In the field of rare earth permanent magnets, the use of rare earth elements to replace the magnetic resonance in the hard magnetic phase of magnets has been matured in the industry, especially the substitution of heavy rare earth elements Dy and Tb, but high-abundance low-cost rare earth elements."
http://newmat.chinaiol.com/xtcl/s/0731/02199392.html
Quick peek thru the gloss explains just why Sinosteel & Huatai taking the opportunity to reduce their exposure.
But this is what the Chinese are saying: "In the field of rare...
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