This short term pain may very well lead to the eventual long term gain we've been betting on for so long. One wonders how many greenfield or expanded brownfield projects will be delayed due to short term financing issues, making the projects that are currently "securely" under construction very well positioned when demand picks up again. I'm thinking Thacker Pass and Cauchari. A nice teaser from a recent Wall Street Jourtnal article:

"A surprising crash in prices for lithium, cobalt and other metals used in EV batteries is hitting mining companies, which are suspending or delaying new projects and expansions. The disruptions are threatening to deepen shortages of those materials in coming years and hit the brakes on the Biden administration’s timeline for weaning the country off gas-powered cars. “This situation is a bit dangerous because the mines aren’t going to get built,” said Anthony Milewski, chief executive of nickel producer Nickel 28, who is a longtime investor in battery metals."