[gregwebs]

The price of lithium has gone up 5x recently because the market has realize there is a scarce supply and a rapidly expanding demand. The price of batteries is increasing now instead of declining like they have done in the past.

In theory lithium is abundant in the Earth's crust. In practice, although the market is incentivizing more production now, it takes close to 10 years to bring a new mine online (7 years is doable). There was a glut of these materials in 2020, but by 2025 we will see a major bottleneck. Here is an analysis of the situation: https://youtu.be/5v-DTS-ibow

[greenthrow]

And yet battery prices keep falling over all. It is not a real issue worth worrying about unless it's your job.