The contract extension is conditional upon Yahua continuing to meet the terms of the current agreement up to 31 December 2022 and the parties agreeing a pricing mechanism for the period from 2023 to 2025.
---- This means Galaxy's spodumene sales would be price protected definitely above the all-in cost, as to benefit both parties. This means nice profits. In 2023 however spodumene should be in the US$1000 again so its nice profits anyway.
not advice
GXY Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
