Here is a "creative" approach to binding offtake agreements from the NVX ann dated 09/02/2024:
"The mutually agreed upon pricing structure incorporates a mechanism for adjusting theprice in response to significant changes in NOVONIX’s raw material costs."
RNU need a similar mechanism as China (CCP) will manipulate the prices to suit their agenda (graphite, iron ore, nickel, etc).
Australia needs to become smarter about how we approach business as China are about to curb their dependence on our low grade iron ore - imagine a 20% drop in our iron ore exports (goolge "Simandou" - seems to be happening in 2025).
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