Have to disagree with this comment, sorry. When was the last time PLS supplied to the spot market? PLS is not pulling supply from the spot market. Instead they will be supplying ganfeng with more lithium so they won't need to buy from the spot market. If ganfeng requires more lithium, we should at least be putting a floor price in the new agreements. At a time when responsible producers are beginning to slow production down by either putting mines in C&M or stockpiling, PLS is doing the reverse. They're not helping the situation.
Ann: Pilbara Minerals Expands Ganfeng Offtake Agreement, page-105
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