David Begleiter

“Frank, on the four-year guidance, I believe you lowered it by roughly $25 million at the midpoint. Can you just break that down, the components of that reduction for the four-year guidance?”

“Looking just at HH and C the last two years, I show volumes down roughly 9%, maybe I'm a bit off, but I think in that range. Why is that? this is all just over the Q3 period last couple years.”

“John, just on your potential U.S. rare earth refinery, would you pursue without U.S. government pricing support? And do you still think you need a technology and or financial partner for that potential refinery?”

“And just on your Q3 guide, what gets you to the top of the range and what gets you to the lower end of the range? Thank you.”

“Laurie, just on construction, you noticed some improvement in those markets. Is that mainly data centers or other areas are expanding as well?”