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You’d think so but in reality extraction costs just drop as technology improves. For example, lithium..


Lithium prices have more than doubled over the last decade: https://www.metalary.com/lithium-price/

They've increased more than sixfold since 2000.


"Past performance does not indicate future returns."

All you're doing is repeating the fact that we've been under-investing in lithium (and other energy minerals[0]) for the past decade+. Everyone already knows that.

Nothing indicates lithium mining & refining is at its physical or technology limits. Far from it: we see large low-hanging fruit for process improvements in both.

Ion exchange and/or membrane and/or electrochemical separation vs ponds, lithium carbonate intermediate vs lithium hydroxide, clay vs spodumene, etc. Lots of exciting stuff going on!

[0] https://youtu.be/Keja23R2N7g




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