I think the point he is making is that battery metals as a commodity have been unusually cheap. As have a lot of commodities for a while now. Commodity prices a

I think the point he is making is that battery metals as a commodity have been unusually cheap. As have a lot of commodities for a while now. Commodity prices are expected by many to go up as demand increases. It’s why people are investing in companies that mine battery metals. As that happens the input costs of batteries will increase and given how massive the component of batteries is in the wind/solar green grid scenario that could change the economics considerably. FWIW uranium is also expected by many to undergo a big surge in price in the next few years with refueling contracts coming due in the US and the growth of nuclear overseas. But the fuel costs for a nuclear plant are a much smaller component compared to other sources, and I am guessing also compared to the battery metals component of the alternate solar/wind/battery/new grid system.