We don't produce Lithium but our spodumene will benefit from a higher Lithium price wherever it's sent and the closer the better. Tesla is ( almost) the only hardrock Lithium producer in NA and we already have an OTA to supply them and its up for renewal this year. That OTA is based around market prices, usually a mixture of them. The problem with higher Lithium prices is it leads to higher battery cost and higher EV prices.
When your dealing with the future in a volotile sector what seems a good solution now may not apply years down the track , it's why so few are wanting to commit to anything at the moment.
For Elevra the immediate issue is breaking even, its reliant largely on Asian prices and will be untill more refineries are built in NA. which is some time away.
Cheers Whisky.
SYA Price at posting:
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