Li-related News/Articles/Reports, page-5182

Your statement about "robust contract prices" just isn't true. The only brine producer who clearly reports their contract pricing is Allkem. In the last quarter (Q2), their average received price from Olaroz was US$38,062. Even adjusted to 100% BG would only get us to US$40k per tonne, when the spot price over the same period averaged about 20% higher than that. It was a similar result for them in Q1, with a US$51,375 average received price, when the spot price was also 20% higher.

Clearly Allkem's contract formula looks to be about 20% below the Chinese spot price. It is anything but "robust" and shows that contract prices are largely moving in line with spot prices. It's much the same for PLS in the spodumene space. Those claiming that contract prices are "holding up well" are either working with old data, or poorly informed.