I think we must be careful to not look at quantity consumed in isolation, as due to the increase in consumption , there were alot of new supplier, miners etc , so the supply increased , and when comparing the surplus now it can be evident there is a slow down which results in a decrease in the value as such , What is needed is for the smaller mines to halt production ,what i would recommend is a structure as follows , fixed costs are unavoidable , so thats a sunk cost , cut production to the extent that variable costs are significantly lower, but keep labour as essentially labour is a fixed cost , get into refining and hopefully once the supply glut is decreased we see a turn around. Its a little ambitious I know , but sometimes we need crazy to create a change
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