LG Energy Solution (LGES) is purchasing spodumene concentrate from Liontown Resources at a price that is linked to the market price of lithium hydroxide. The pricing formula in their offtake agreement adjusts based on the fluctuations in the lithium hydroxide market, although the exact formula and specific per-ton price are not disclosed publicly. This arrangement is part of a broader strategic partnership that includes a $250 million investment by LGES to support Liontown's Kathleen Valley Project. I thought they are investigating a possible partnership for downstream processing also?
My question to you is, how do you know there isn't a pricing Floor mechanism? where is that stated or implied?
LG Energy Solution (LGES) is purchasing spodumene concentrate...
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