I'm not really sure how that's interpreted as a negative unless...

I'm not really sure how that's interpreted as a negative unless your desperate to offload your product.
If they don't want to enter into an offtake after lengthy negotiations because of the upward pricing then its their loss!!
Why should AVZ buckle at the knees to get an offtake signed when they are clearly in boss position. Its only 5% of revenue and clearly we hold all the chips.
Prices will remain strong for many years and AVZ can only prosper with this outlook.
It seemed to me that NF was pissed off with the Tin OT negotiations in general in his last interview, as opposed to how positive he was about the other offtakes.

We have so much news in the pipeline and this can only be a good thing for SH.


Small article about the future of Tin
https://www.internationaltin.org/tin-in-lithium-ion-batteries/