H2 quotas, page-8

They are way smart Weehawken - clearly understanding the time would come but certainly enjoyed the benefits for their decades of advanced development and of course environmental mess. They have the main play still well in control which being magnets and end product manufacturing that will serve them well before the ROW catches up. EU govts are squeeling re auto manufacturing - a significant economical driver of EU manufacturing - employment. Govts are now fretting over Chinese saturation of their quality EV's being shipped and supplied globally and the recent auto show in Germany turned heads - and of course realization how advanced the Chinese auto developers are. EU are now looking to cut imports to save their own auto industries and provide incentives similar to the US on purchases - of national/allied made manufacturers with everything from batteries - materials - parts supply chain all home based to qualify.
Quiet interesting to see many Chinese EV's here in Thailand as they look to saturate the Asian continent - whilst other Asian countries are only just making long term deals to get their EV manufacturing off the ground - of course many of those deals are with none other than Chinese EV auto's or TESLA whom will ship from their Chinese operations.

The ROW is so far behind - huge rapid plans are afoot and certainly Lynas amongst others will be major beneficiaries.

Looking forward to some RE pricing gains after the Chinese National day week long celebrations. Chinese data improving monthly (manufacturing/consumer spending) and yes - increased auto and smart tech sales are increasing. Myanmar supply issues remain - MP concentrate no longer as stated all bodes well - certainly agree with your more global supply - beneficial price changes in time for ESG - ex China supply etc but the magnets which Lacaze mentioned is where the big play remains.