So about these supply contracts, I understand many of them have floor and ceiling prices, but has it been said anywhere there is an obligation for the companies to buy???
My view is the floor price is to protect lynas, in that we don't have to sell below that price and can choose to stockpile or value add ourselves. And the ceilin price is to protect the buyer in that they aren't forced to pay higher(a benefit they earned through lending money etc, not through promising to pay at minimum the floor price)
Thoughts?
china’s four rare earth giants halt production, page-5
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