It will also be interesting to see what the terms of any deal...

It will also be interesting to see what the terms of any deal end up being between the US and China. It would be a curious turn of events if all of the Anti Dumping duties and tariffs are reversed. Though that does seem counter to their purpose, being that its to enable US manufacturers to become competitive enabling them to flourish inside of the US.

We might also be able to speculate on a US initiated price floor off limits for Graphite as part of a deal. Although, I wasn't entirely convinced that we were ever going to see one to begin with, at least not in the same way that a REE price floor was developed with MP.

While in the short term, a US deal with China might have negative pricing effects, I don't believe that it presents any long term concerns for RNU specifically. As has been said many times, the US is not our market and we are highly likely to be engaging with MOU partners (at least to begin with).