Ann: Yibin Tianyi Offtake and Prepayment, page-89

Ken will turn on plant 2 when spod price hits his incentive price of $600-$650 and when he does your beloved Ganfeng will be blowing up his phone desperate to buy our delicious spodumene.
The EU isn’t actually looking for Low carbon Lioh as much as they are looking to be independent of the Chinese supply chain. They want to kickstart their economy with the electrification of everything and they want to be self reliant. As we all know ramping up to this extent won’t be possible until the 2030s in the meantime they will be getting their batteries through CATL who will be getting there lithium from Western Australia. Don’t get me wrong if they can get their Lioh either zero or low carbon they will encourage that but the main aim is to have no dependence on China. If you want to put that down to “anti China sentiment on the PLS threads” you can or you could just google it and see the EUs top bureaucrats saying it for themselves. Up to you.

As for is that the best deal Ken can get; Are you really the person to be judging what is a good or bad deal...