This may be a cunning move from Chinese government. GF is an arm of the government. They have a mission to help the government's strategy which is holding down the Lithium material prices. For the concern of miners cutting back production, why not just reach out and make contracts to mandate some miners to shore up the future production?
Secondly, it may shows the managent is not confident with Lithium price outlook, hence they want to "hedge" it.
Overall, this looks like a negative news.
Ann: Pilbara Minerals Expands Ganfeng Offtake Agreement, page-46
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