IMO, nothing establishes a true market price like an auction,...

IMO, nothing establishes a true market price like an auction, dfs. I wonder how the lithium world market would react if PLS cancelled all its contracts, given they seem to be unenforceable (more or less), and announced that from now on all their product would be sold by auction - say four times a year at no particular date so the buyers have no timeline to plan buying strategy according to their held level of stockpiles .
As it stands, our long-standing relationships fosters a buyers' market (price takers). IMO, given we are a major world supplier, BMX auctions would change the dynamic to a (reasonable) price maker.