EV/Lithium, page-983

All lithium price agreements are tagged to prevailing prices dictated by market spot.
There is no fixed price agreements, if that was the case EV producers would not have been able to reduce price as battery costs came down due to lower lithium input price. That’s why I said that EV growth is at the expense of lithium price, and that it is a fallacy to think that continued EV demand growth must necessarily translate into higher lithium prices.