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I'd check out something like oil which is a large and high dollar market. The relationship between production and price is well established, and no, production

I'd check out something like oil which is a large and high dollar market. The relationship between production and price is well established, and no, production does not move inversely to price. This is because the marginal cost in almost any of these areas is higher per unit of production as production increases. That also of course makes sense logically. Gold as well, same thing. You start by grabbing gold nuggets of the ground. The effort to mine more gold has not gotten easier, it's gotten harder over time.

coder543 4y ago
I already addressed all of this with the difficulty of extraction. I even called out gold earlier in the thread, possibly more than once. The abundance of lithium is nothing like the abundance of gold, and oil is a different subject altogether because we have extracted a truly staggering amount of it, and then burned it. We’ve extracted something like 135 billion tons of oil, and a “mere” 250 thousand tons of gold. So, hundreds of thousands of times more oil than gold has been extracted. Lithium is about 20ppm (parts per million) in the Earth’s crust. Gold is about 0.001ppm: https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth%27s_crust https://en.wikipedia.org/wiki/Abundance_of_elements_in_Earth... Lithium is 20 thousand times more abundant than gold, roughly. Lithium is reusable, analogous to how we handle aluminum. As demand is ramping up, we will need to ramp up extraction, but we’re not throwing it away, and eventually we will get a lot of our lithium from recycling.