I share with you the trending down but I wouldn't agree with the low number like U$3000/tonne. Contracted price is more stable and should link with both Chinese domestic and North Asia hydroxide. It's the two markets where the spod end product would go. With China using less hydroxide for their batteries, they export it. They still make profit using contracted price. For PLS high price via auctions last year, it's not actually that many tonnes and I don't know who else in Australia selling to the spot apart from PLS, more likely from limited Chinese source. So spot price is more domestic China and it does trend to converse with contracted price eventually. I see contracted price to trend down next quarters but not that low.
PLS Price at posting:
$3.56 Sentiment: Buy Disclosure: Held
(20min delay)