Will be on a case by case basis of course but generally speaking the whole idea of an offtake is to lock in a price in advance of going into production. Some capacity can be left aside for spot price sales. It’s the only way projects like this can get off the ground, having guaranteed revenues. The company was very clear it was a prepaid agreement for supply of up to 800,000 tonnes which I agree is only relatively small.
Will be on a case by case basis of course but generally speaking...
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