China launched the crackdown on the rare earth sector in 2009, with authorities claiming that illegal activities drove down global prices and made it impossible to cover the huge environmental costs of production.
With metals ringing off the new year on a weak note, both price- and demand-wise, BMO Metals says the main questions for 2019 revolve around China and whether its government is doing enough to slow the country's economic contraction.
Merger-and-acquisition activity in Canada is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum.