Spot maybe, but not for contracted.
The likes of Ganfeng are just as clever as Ken.
Those boys have made a killing with their investment here, and their offtakes have a 10 year term and a further 10 year option. There would have been agreed formulas for pricing. They knew what was coming too.
They have also invested in the NT boys and are partners for Leo Lithium.
It’s the small converters that are paying these prices.
Ann: Results of Second BMX Auction, page-170
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