There's also the pricing benchmark of the formula to "lithium carbonate" as per the third dot point...my underlining etc...
"Pricing is determined using a formula-based mechanism referencing market prices for battery-grade lithium carbonate"
Lithium carbonate now trades at a premium to lithium hydroxide, I believe mostly due to its greater use in LFP batteries. Therefore we will be getting a greater share of the value chain in pricing our raw materials. If there was an oversupply now or into the next 6 months at least and Sinomine could buy at spot in China, why would they contract our spod at such a premium even over other benchmarks like lithium hydroxide that is more commonly used to benchmark prices here....eg. by Mt Holland mine that has recently started up operations.
regards
DF
Ann: New short-term Offtake Agreement for initial ramp-up volumes, page-47
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