IMO there's got to be give and take for a long term sustainable business relationship.
Who wants a Trumpian screw-you entity as a partner, from either the RNU perspective or our downstream partner/s?
A traditional formula that tracks a relevant pricing benchmark results in fluctuating revenue and costs for both parties throughout the commodity cycle, and of course slows talks down from the supplier side during the lows.
Perhaps developing one that avoids the boom and bust rollercoaster, and allows both to prosper throughout, would be more efficient, cutting short the endless back and forth work, and allow both parties to focus on mining/making stuff rather than negotiating about same.
POSCO of course have downstream capabilities, so could focus on a larger slice of the PSG stage given they can provide expertise to RNU in this area.
A fair deal to get RNU up and running with the concentrate and generating revenue to begin the downstream build would be smart for both parties.
Thinking outside the box would get both parties able to capitalise sooner & better on opportunities available when the economy swings up.
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