Hard to know what demand will be like Y4 as we go through uncharted waters IMO. I think Governments will pour billions into infrastructure projects to kick start economies and try to avoid deep recessions. This may bode well for EV and Miners. Will this affect CZN? We will need to wait and see what they find at FLC and what path they take to progress Lynn Lake to next stage whether it be some sort of funding to start mine, JV or sell project to a bidder.

Was just reading article in AFR that thinks similar :

China's budget blowout is good news for miners

https://www.copyright link/markets/equity-markets/china-s-budget-blowout-is-good-news-for-miners-20200519-p54u7v

HSBC is forecasting an increase in the annual budget to nearly 4 per cent of gross domestic product, up from 2.8 per cent last year, and beyond the 3 per cent limit.

It expects special government bond issuance worth 2 trillion yuan ($430 billion) and total special local government issuance of 3.7 trillion yuan.

But unlike the debt-fuelled pell-mell response to the global financial crisis where property development and spending on roads, rail and ports saved the day, the catchcry this time is all about "new infrastructure".

That means investment in electrification, 5G networks, data centres and vehicle charging stations, a form of spending that is different from the bulk commodities intensive investment of old.

While China will still need iron ore, this form of infrastructure will provide new opportunities for producers of copper, nickel, aluminium and battery minerals.

It is also expected the NPC will unveil a road map for more market-based reforms. We've already got a glimpse with plans to allow infrastructure-based real estate investment trusts.

That's a smart way for governments to recycle capital back into needed infrastructure and share the risks and rewards with China's growing investor class.

Economists have long called for China to focus less on the quantity of growth and more on the quality of growth.

The COVID-19 crisis provides the opportunity Beijing needs to upscale the quality of its infrastructure and implement more meaningful reform rather than revert back to the old playbook of concreting its way to prosperity