Argosy Minerals Ltd (ASX:AGY) has announced the signing of a Spot Sale Contract with a Korean customer for the sale of 20 metric tonnes of battery quality lithium from its Rincon lithium project in Argentina. The two companies have confirmed an agreed fixed price, based on Fastmarkets’s price guidance for 99.5% Li2CO3 (lithium carbonate) minerals which is battery grade, with the spot prices also considering CIF (cost, insurance and freight) to China, Japan and Korea – an industry standard benchmark index reference. Payment terms comprise an irrevocable letter of credit at sight, and payment im…