Worth noting the Tesla deal has a ceiling and a floor around prices, nothing wrong with that as such especially if they are getting involved in the downstream side, but spot prices won't be guide for contracts only for SPOD sold in excess of that contracted.
Gangfeng contract is referenced to the market price of 6% Spod concentrate with a floor.
Cheers Whisky
Australia's next lithium producer, Core Lithium Ltd (ASX: CXO) (Core or Company), is pleased to announce that it has entered into a legally binding Term Sheet with Tesla, Inc. (Tesla) for the supply of up to 110,000 tonnes of Li2O spodumene concentratefrom the Finniss Lithium Project over a term of 4 years, with pricing referenced to the market price for spodumene concentrate, subject to a price floor and ceiling
Banter and general comments, page-15684
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