That will suck for Australia(#1 producer) and Chile(#2) who export much of their production to China.You get a battery and you get a battery! Everyone's getting a battery!!!!
Course, it is China, so who knows what is the actual deal.
The Chinese government claims a new technological breakthrough for lithium extraction pushes production prices to a record low, which could have a big effect on electric car battery costs.electrek.co
"actual deal" - yeah, they might be trying to manipulate the market, seeing as how they are keeping it very hush-hush on the tech involved.