Trump is also a nationalist, protectionist, that means tariffs...

Trump is also a nationalist, protectionist, that means tariffs on imports, to make the Chinese cars more expensive, and make local industry competitive. Europe or North America will need to diversify away from chinese dependency. Its that simple. You cant just say that china is King, and subvert your children to it.

China domestic vertical supply chain that uses Lep, is a different process to that for Spod, what happens when china runs out of Lep ? The alternate demand for spod will rise. Chinas Lep converters will be need to adapt.
While they might be lucky to source more Lep from other countries like Vietnam? / The plants set up for Spod will need to source more material. While they can do all they would with Brazil / Africa. The world knows that it needs to diversify to its own vertical supply chains, because when china want to take Taiwan, the world will not be held to ransom.

For the same reason that China is stock piling everything so they can middle finger the world when it knows what will happen when it engages with Taiwan war, the World needs to reciprocate, and develop its own independence.

And in that theme, any Taiwan conflict will mothball any AUS - CHINA project off takes. What does that do to the price of Spod ?

Having a supply chain that is in North America, WR1 is the wests hedge against all of that.
The everything stacks up in WR1s favor, jurisdiction, Renard low capex fiance bridge, economics.

If the betting markets want a favorite, then despite the bed wetters price action, WR1 moves forward with its viable pathway to supply when others are mothballed, or uneconomic, or jurisdictional problematic.

That cometh the strategic who wants what we have. What CE will do with that ? Per my suggestion ? Be a market maker or a market taker ?

We remain a unique low capex path forwards thanks to Renard, a favorite to deliver. For a multitude of lithium demand, EV and other, home storage etc.