I agree. As a holder of both NVX and TLG the process moves too...

I agree. As a holder of both NVX and TLG the process moves too slowly.

On the bright side the USTR announced last week that natural graphite would have tariff exclusions removed Jan 1 2026.

Also the USTR just released guidance that from June 14 2024 synthetic graphite would have its tariff exclusion removed. Meaning a. 25% on Chinese synthetic anode material imported to the USA.

https://ustr.gov/sites/default/files/Section%20301%20Exclusion%20Extension%20FRN.pdf

I encourage anyone interested to have a read of the first 4-5 pages. Although the comments relate to lots of categories I believe there are some pretty scathing remarks that relate to the cell and auto OEMs efforts to source graphite locally.

Although the growth of EVs and ESS may slow under a Trump administration the tariffs on Chinese imports may get worse.

I don’t think we will get meaningful movement in either stock prices until further offtakes are announced and easing of fiscal policy occurs in respective reserve banks.