Seems Offtakes will be at market prices fixed to indices :
SQM has also renegotiated some of its fixed contracts. The company said that about 70 percent of its sales volumes are completely variable prices tied to specific benchmarks, with 15 percent under negotiation and another 15 percent contracted at either a fixed price, or at a variable price with specific floors and ceilings.
https://investingnews.com/sqm-profits-higher-lithium-prices/
Not Gunna Be Enough Lithium, page-538
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