The only true price discovery would be if less spodumene gets sold via offtakes and more via these auction/sales that is hosted by the producers. I was shot down ealier when I said this but it is crazy having most of your production under offtake agreements and basing the price of these offtakes on an obscure China spot market. Rather have a greater supply of spot spodumene that you sell under your own process (or as Robek suggest perhaps producers all use PLS BMX auction).
The only true price discovery would be if less spodumene gets...
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