Ann: FY22 Half Year Report & Accounts, page-3

Naraha

“Allkem has a 75% economic interest in the joint venture established with Toyotsu Lithium Corporation (TLC). Despite having significant influence, operational control is exercised by TTC. There is strong domestic demand for hydroxide to enable the production of high-end battery technology and Allkem will strategically market this product with TTC.”

Risks

“the ability to ensure fair, representative and market competitive pricing for LiOH products being sold to Japanese entities that are formally or informally related to TTC.”

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Its got me stumped what they mean with the highlighted wording (Naraha)?
and

In the Risks section
If the Contracts are drawn up properly there shouldn't be a loophole for TTC to take advantage? and would they throw AKE under the bus?

Ridiculous to have that in the report worded that way unless existing contract wording presents an advantage imo

Md