That swing production works when there is a small market, like Lithium is now. By 2030, it will be triple the size. The Leshitolite type resources China has, will not have as much effect on the supply demand equation. It may help a bit but it won't flood the market or be able to drive prices below cost for long periods. It's worked well for them now and has helped support China to increase their already dominant position as battery/EV manufacturers. Just IMO and probably have egg on face in 2030.
Good News & Bad News, page-46208
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