Katusa, page-5

I suspect you don't see the value I see from the JV tenements @Denial
Look at Resolution 1 of the AGM for 19 September and the explanatory notes...

It ensures T3 is 100% owned by MOD making finance easier to get; but it also keeps the JV tightly held by MOD and MTR. This is a key restructuring of the JV to save investor dilution via placing, crystalize the known value at T3 to MOD 100% trading some of the potential in the rest of the JV to compensate MTR.

MOD are doing the sensible thing protecting investors by crystalizing the value in T3.
MTR's larger stake in MOD and greater interest in future exploration success compensates them well too, while keep both companies completely aligned.
MOD will be free to seek finance for T3 which is needed to support a decision to mine.
That's when real progress can be made to monitise the value in T3.

A favourable by product is that MOD take full control (though with the additonal experience of a MTR member joining MOD).
The deal is structured to minimise any threat to the existing BOD and this protects MOD investors too.
JH will be in full control when it comes to negotiating with a major and this protects against a lowball t/o.
The apparent simplicity belies the amount of work that went into ensuring the deal was favourable to both JV members.

Trading negotiations between China and USA shape the price of copper but recent developments in Chile (10% tax hike) and the news from DRC will also affect it to the upside.

China/USA talks will not affect the coming supply deficit but it could affect demand short term.
Excessive interference could have the affect of making the markets more volatile; not something that would benefit either country though and neither can keep back demand for long. Both depend on it.