RE:longer-term LI contracts should be signed at higher pricesOnly "low" compared to 2018. Graves just wants to mitigate his own risk by passing it on the processors/auto industry. Supply/demand is still unclear. If downstream market thought prices were going to flip as Graves thinks, they would sign contracts. Same can be said for nickel, though unlike lithium, there are fewer major deposits in development, more predictable demand (outside of EV), and it has the benefit of being a traded commodity.