say? And would you expect that pricing that… Any pricing you're locking in now for ' 22, is that all inaudible 12,000? Okay. Well, you know that today, we're in the middle of the negotiation for inaudible for the next year. However, what I can say, because you already that we, we have inaudible contract. But before the next year, we have, uh… And we need to negotiate closely to 80% of our total sales inaudible. to negotiate closely to the 80% of our total sales for the next year is open to, to discussions with our customers. So that's the percentage of the total volumes that is open for the next, for the next year. So right now today, 80% of your anticipated volume next year is open. Is that what you're saying? To- Today for the next year, okay, 20% is already negotiated inaudible different kind of contract with our customers. Right. And 80% is still open to have… uh, open to the conditions that we are, uh, uh, uh… that we need to discuss with our customers. Okay. And I appreciate that. And we can all see stock pricing from different Chinese and Asian benchmarks, be it 20,000 on carbon, $20,000 on carbon, $25,000 on carbon. Are those real prices that you can achieve at scale in the market for 2022, or is the answer, you know, it's much less than 25,000, but it's much more than 12,000? Like, help us understand how real some of those prices are we see in the 20s for real volume, real large volume, like you offer. You know that inaudible I know it's a question regarding prices, but what we need to remember is that depending of what you negotiate with your con- with your customers, it means shorter contracts, longer contracts, depending of the quality of the product, if it goes to battery, uh, uh, applications, industrial applications, then you have, uh, different prices. What I comment today is that because of the huge demand of lithium and lack of supply, the inaudible prices is today high. But it doesn't mean, uh, that we will see these kind of prices for the average price because again, it's, it's depending of the conditions that we negotiate with each, each customer. Thank you very much. Our next question comes from Ben Isaacson with Scotiabank. Please, go ahead. Good morning, thank you for taking my questions, uh, hope everyone is doing well. Uh, I'll ask a few questions one by one, if that's okay. Uh, I guess the first question is just to extend off of Joel's question. You talked about 20% of 2022 volume is negotiated already and 80% is open. Can you just talk about the shape of that 80%? Um, how much of that 80% should be, uh, contracted by the end of this year? And, um, h- h- how do those contracts get renegotiated in each of the next kind of four or five quarters? Um, you know, are they all calendar 2022 contracts that will be negotiated before January 1st, or is it on a kind of continuous basis, some are short term, some, some are long term? Can you just give some more color in terms of when we expect that 80% to be, um, contracted? Okay. Well, uh, it is a difficult question because we are under negotiation. For sure that we know that when you are, uh, selling this amount of lithium, we need to secure that amount, but at… and also, it's up to each, I mean, every customer. Some customer, I mean, the, the rest of the 80% then will be a combination of closed shorter contracts, and for sure something that we are looking for if we are able to, to sign good contracts, we are also thinking to sign inaudible contracts. And normally, when you sign a inaudible contract, the negotiation process is longer than when you negotiate a shorter contract, so at the end, everything will depend how fast we can, we can do that with our customers. So today, I cannot really give you a fact, uh, number of how much of those contracts we will, we will inaudible. Anyhow, we are very close to the end of the year, so for sure inaudible is picked up by the end of the year, at least the first quarter should be, you know, already negotiated with our customers. Will 100% be finished by the end of Q1? I- I cannot say 100%, huh? But, uh, but m- m- most of it should be finished by the end of Q1, is that right? I mean, just based on the timing of, uh, the previous contracts and when they expire. I- I- I- I- Is that fair to say? Well, again, I mean, it depends for the inaudible market, but for sure, because of, of the period of the year that we have today, by the end of the year, we should have, uh, an important percentage already negotiated for Q1. Okay. That's, that's helpful. Thank you for that. Uh, next question is on, um, on iodine. You guys have, have tried different strategies over the years, uh, sometimes volume, sometimes price. Um, uh, with mixed success, uh, on the price side, and the volume side has been very successful. Now, we're getting above $35, or that's the direction that we're going, uh, per kilogram, and if I remember correctly, that's kind of the point in which you start to see, um, the economics look attractive for marginal producers in Chile to come online. Is that what you want? Do you want to see higher prices, or is that, um, getting a little bit dangerous, that you could see new capacity coming on? Can you kind of run us through what that debate looks like and kind of what your opinion is? Okay. Well, you know that, uh, I mean, in the industry, we need to consider different, uh, things, so one of them is inaudible demand. Uh, you know that this year, the recovery of the demand will be higher than expected, close to 12%. Then we need to consider the answer of the supply, so at the end, everything will depend of the inaudible of the lithium players in the supply, uh, uh, in the supply side. Uh, in that regard, uh, what we have seen is not a, uh… I mean, e- we have not seen, uh, uh, enough response of the supply in order to be able to supply all the demand that is today in the market. Uh, so price, if, you know, we struggle the supply and demand, um, everything will depend around how the different players will act with the supply plans, uh, in order to accomplish the demand that, that, that we have. Uh, just two more quick ones for me. Um, w- when you look at each of your, uh, business segments, can you talk about, um, uh, cost of production, whether it's iodine or NOP or potash or whatever it may be, um, and how that's been impacted by, uh, inflation, uh, cost inflation of raw materials, or labor, of energy?