Resolves YES if the lithium carbonate (Li2CO3) spot price, as reported by Fastmarkets or an equivalent authoritative industry price source, is below $6,500 per metric ton on April 1, 2026. This market captures the impact of Zimbabwe's export ban on lithium concentrate supply and its potential to drive lithium prices significantly higher. Given the current rally to about $22,000/t in early 2026 and ongoing supply constraints, a price below $6,500/t would be unusually low and unlikely. The market excludes lithium hydroxide prices and focuses strictly on lithium carbonate spot prices. Resolution is based on publicly available spot price data on the settlement date.

Zimbabwe's export ban removes significant supply from global lithium market.

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