Not really that hard to get proof my lord. Demand at the moment is quite weak as the forecasts were wrong about the uptake in lithium battaries for example.
https://www.woodmac.com/news/opinion/powering-down-lithium-battery-supply-exceeds-demand/
In-terms of people profiting from this, people can profit from anything. The same people who profitted from the lithium boom likely switiched sides as the downtrend started. Fact is lithium boomed too early and needs to cool down until the actual boom in demand by 2030 and this is when the same people who are profitting now will still profit, they will just switch sides.
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