"More offtake is now tied up. That wont be available for any major price spike when one comes."
Mate, don't let desperation drive your mind to stupidity. Are you pretending that they will cash in for the next 15 years at today's lithium prices? Any major price spike will be incorporated to the selling price. Offtake deals by LTR are linked to LiOH price, but not to that at the time of signing the deal.
I'll add that I will be really happy if that was the case, as original deals with Ford, Tesla and LG (450,000 tonnes/year in total) were signed in 2022. I'd love to see that those LiOH prices in 2022 were locked into the deals for the SC6 delivered in 2024-2028.
So take a breath. Today has been a bad day for you.
"More offtake is now tied up. That wont be available for any...
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