Phrases with «offtake agreement»

An offtake agreement is a contract between a buyer and a seller. It states that the seller will provide a specific quantity or quality of a product to the buyer on a predetermined schedule. In simple terms, it is an agreement where one party agrees to buy a certain amount of goods from another party over a set period of time. Full definition

offtake agreement

Sentences with «offtake agreement»

Rare earths explorer Northern Minerals struck a 50 per cent offtake agreement with Japanese trading giant Sumitomo Corporation last December — but it was nine months before the deal was announced. (businessnews.com.au)
The partners are aiming to replicate the success of Bacanora Minerals at the adjacent La Ventana deposit, which is the world's largest Lithium clay deposit and already has a major offtake agreement with electric vehicle manufacturer Tesla. (businessnews.com.au)
Aside from existing offtake arrangements with Marubeni and Chinese company Chalieco, Syrah has four non-binding offtake agreements that it hopes to turn into concrete offtake arrangements. (afr.com)
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Phrases with «offtake agreement»

Sentences with «offtake agreement»

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