A bit on offtake, having negotiated deals across multiple...

A bit on offtake, having negotiated deals across multiple commodities for 20 plus years. In China a signed contract is not bankable (i.e. funders do not consider that even binding contracts will stick) Agreed prices will be subject to further renegotiation if spot price moves against the buyer-if seller doesn't adjust to meet market price then they will cease buying. This is not an indictment on Chinese businesses, just a pragmatic reality of the market. Worth noting given the press commentary on pricing by the various Lithium producers this week-graphite is no different. Beware false (China) prophets