That's actually the official policy in many cases. For instance, the EU is funding research in li-ion recycling so that it could create a "circular economy" with imports only there to make up for material lost during processing, as e.g. the car market is largely saturated, so the expectation is that demand won't grow.
> It's just common sense for a country/group of countries.
Conspiracies are just common sense for a group of people; but that's exactly my point. A group doesn't have to meet at night by the torch light in black robes and decide upon secretive actions to further their own interests.