offtake

[awf-teyk, of-]

noun

1. a pipe or passage for conducting smoke, a current of air, or the like, to an uptake or downtake.

Word History and Origins

Origin of offtake¹

First recorded in 1870–75; after verb phrase take off

Example Sentences

AGL’s retention of a 0.1% interest in Tilt fits with a continued strategic partnership featuring offtake agreements, he says.

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Price floors and offtake agreements are essential to protect against Beijing’s dumping and ensure stable demand.

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“While we acknowledge near-term share price volatility, the strategic implications of AU-U.S. critical mineral discussions—especially around non-China-aligned offtake and federal support—could materially enhance ILU’s investment case,” the analysts say in a note.

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Lithium America’s joint venture partner is General Motors, which will permit the project to enter into additional third-party offtake agreements for volumes not purchased by GM.

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Piedmont expects shipments under NAL offtake to total 56,500 dmt in 2023.

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