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This logic only works if the production capacity is available.

If you have to rebuild your entire supply chain to handle that kind of demand you're prices will start to go back up again.



For China (and quite a lot of other places, including the UK) the alternative to building a battery supply chain is to build a supply chain for something else, not to keep the existing and increasingly pointless coal-based supply chains.

(That “something else” can be nuclear).




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