The onesies-twosies 18650 market does not really represent the industry as a whole. Demand currently outstrips supply. New applications are creating demand and

The onesies-twosies 18650 market does not really represent the industry as a whole. Demand currently outstrips supply. New applications are creating demand and there's expansion of existing users too. Cost curve improvements won't arrive in every niche equally. It's still early days. I guess this'll continue for a while yet. The used 18650 market is going to be very interesting.