The lure is the remaining offtake for bucket 1 and the access to...

The lure is the remaining offtake for bucket 1 and the access to future stage 2 product. What will they pay for such? Time over speed - could be 2025 if as they said yesterday another party or more arrive at a premium. In essence almost an auction to the combination of pricing/long term strategic partner who must have supply security for West compliance V Lynas option. Who are the players in that EU/ASIA/US two groups flagged in advanced off take discussions - there are far more global magnet producers ex China than the household names of POSCO - HITACHI METALS and so on - with many being substantial producers - operating in multiple countries ie POSCO has operations in Germany.

Plenty of countries ex China producing permanent magnets for wind/ev and other in supply chain to likes of GM - GE - SIEMENS - BOSCH - The list is extensive and majority currently securing cheap RE's from China that is going to change very soon with tariffs - import bans coming into place - market supply/demand ex China is really warming up - however yes POSCO growth strategy on those substantial US/EU contracts aligns with both Wests requirements and near ARU production timelines - and POSCO'S advice some RE's will come from Australia - well there's not a lot of choice although Vietnam got a mention but that could be dubious. Very pleased Musk will have to comply.
JAPAN
US - has more than I assumed.
EU - Germany - Netherlands
KOREA
CANADA
UK

Google ZHAOBAO MAGNET - top 10 permanent magnet producers) and MARKETS AND MARKETS - permanent magnet market - sites are just a couple of many to peruse enlighten just how many ex China PM producers there are. gets one a little excited - go Vacuumscmelze.