Thank you very much.
I want to return to a comment that Mr. Fillmore made, reinforced by Mr. Nathaniel Erskine-Smith, that somehow lithium carbonate is effectively useless for the EV battery industry. That's just patently false. If it's battery grade, it is highly useful, so much so that a Chinese company is paying a billion dollars for it.
I would note that Benchmark Mineral Intelligence, which is the world's leading reporting agency and market intelligence publisher for the lithium ion battery industry, said this, as it was reported in Reuters: “Prices of lithium carbonate in China jumped to a record high...in December driven by strong demand from manufacturers of the batteries that power electric vehicles”.
That's from BMI, the industry reporting agency. It's pretty clear that the Chinese knew what they were picking up.
Dr. Wark, I was intrigued by the comment you made that government explanations for not doing a national security review are “wholly unsatisfactory”. I hope I got that quote right. Could you expand on that?