Ann: 5Mtpa Study Further Strengthens the Economic Potential, page-358

Producers even loss making ones are viewed very differently by investors and lenders to projects that run around for finance (or just fees). It's likely imo the bulk of current lithium producers will survive lower prices (that being just lower prices and not operational or design screw ups....) as investors are more likely to give more money to kick them down the road for better times. Additionally end users may not be in a good situation to allow their supply to fail and source alternatives. This appeared to happen with ORE during start up phase, under more normal circumstances would have closed or been severely diluted imo.

By far the more dramatic influence of sustained lower prices is the supply pipeline gets pushed out (but not all as the best projects will get finance) from lack of easy finance, a few higher risk projects are weeded out and mine expansion plans are phased out. That situation would seed another window where supply demand is more favourable given mining simply can't turn the tap on automatically and investors maybe more cautious the second or third time around.