It's not always that simple, there may be potential uses that are uneconomical at current prices but kick in at 10x or even 2x reduction. The increased demand w

It's not always that simple, there may be potential uses that are uneconomical at current prices but kick in at 10x or even 2x reduction. The increased demand would prevent further collapse. See Jevons paradox[1] for a more general case of this in coal and road usage. Injecting that amount of mineral wealth into the global economy would be pretty much an unalloyed good. So many things would become cheaper to build. https://en.wikipedia.org/wiki/Jevons_paradox https://en.wikipedia.org/wiki/Jevons_paradox