This is just a temporary blip. Long-term demand for lithium is going to explode, and so of course will production. That is because demand for both ev's and storage is going up rapidly over the long term. The smart investors with deep pockets are going to get very rich. And let us not forget that commodity mineral prices often fluctuate.
As for the current drop in ev sales in China, from what I understand that is because there are at present 486 ev producers there (no, I'm not kidding) and the government cut subsidies to weed out the vast majority that will never be competitive. Once that happens the government will no doubt go back to promoting sales.
As for the current drop in ev sales in China, from what I understand that is because there are at present 486 ev producers there (no, I'm not kidding) and the government cut subsidies to weed out the vast majority that will never be competitive. Once that happens the government will no doubt go back to promoting sales.