Li-related News/Articles/Reports, page-9181

That's processing capacity, not raw material supply @Rotane. The spodumene that would have been processed into lithium chemicals at Kemerton is still being mined, and will likely to be diverted to China, which currently has underutilised processing capacity. If it isn't diverted, it will be stockpiled, waiting to be poured back into the market when prices improve. The spodumene feeding Kemerton originates from the Wodgina mine, which recently increased its production by 41% year-on-year. The scenario of the Kemerton plant being scaled back is unfavourable as it ultimately benefits China, which is already manipulating the market. China needs raw materials, not more processing capacity—they already have plenty of that.

This development means there is one less Western buyer/processor for lithium. As a lithium investor, it's puzzling why you'd view this positively.