tj, My interpretation is that the licence will not be cancelled....

tj, My interpretation is that the licence will not be cancelled. It will simply not be renewed until all the WLP has been exported. Thus the danger for LYC is an unknown period without income. In the interim, and in these days of uncertainty, it may be prudent for LYC export some Mt Weld concentrate to China (and elsewehre if there is a market) if it can thus ensuring an income that can sustain Mt Weld and ensure survival of the parent company Lynas Corp with Lynas Malaysia fending for itself. I would not expect Japanese REE consumers to be passive when push comes to shove.