It should have been 2011, when the rare earths skyrocketed tenfold in one year, and dysprosium oxide went from over one million yuan per ton to over ten million yuan per ton. Many outside funds from Baotou and Wenjiang came to Ganzhou, grabbing whatever was available. That year, my future client Beijing Shengwei reportedly made 1 billion yuan in profit. In 2014, I started a rare earth processing plant, with dysprosium oxide fluctuating around 1.2 to 1.4 million yuan per ton. Unexpectedly, after 10 years, dysprosium oxide still remained at 1.4 million yuan per ton. Instead, praseodymium oxide increased about threefold over the decade. Once a commodity peaks and gets trapped at high levels, it’s truly possible to be stuck for 8 or even 10 years. At that time, I never imagined that my small processing plant could work with a company like Xiamen Tungsten. But guess what? In 2016 or 2017, the factory was directly pushed over by a bulldozer.