Resolves YES if the lithium carbonate (Li2CO3) spot price, as reported by Fastmarkets or a comparable authoritative lithium price index, is below $7,000 per tonne on April 1, 2026. Resolves NO if the price is $7,000 or higher. This threshold is near half the current early 2026 rally price (~$21,000/t) and reflects the impact of Zimbabwe's export ban on lithium concentrate supply, which could tighten global supply and keep prices elevated. The market focuses on lithium carbonate, the dominant chemical form for batteries and industrial use. Price data should exclude contract prices not publicly reported and focus on spot or benchmark prices in USD per tonne.

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

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