My take:
positive: Spod prices linking current hydroxide price still very profitable for PLS (assume current price stay or even drop another 10%-20%). PLS gets to share both upside and downside risks.
negative: poor timing as it seems current hydroxide price on a downward slop. also make you think that demand definitely take a sharp turn as you would naturally go for auction if everyone wants spod bad.
either way, would be good if they share the actual pricing mechanism... (I know it could be commercially sensitive... )
Ann: Spot sale linked to hydroxide chemical pricing, page-40
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