A recent article from the Financial Times described how extracting lithium from old batteries is around five times more expensive than mining it from the ground. This stat means that the price of lithium would have to increase substantially before recycling threatens to take market share from the miners. If the price of lithium does go up by 3-4 times, then the miners will be massively profitable even if they lose some market share to recycling operations. $SQM $ALB $LIT Link to FT article, The paradox of lithium pricing in the Tesla era: ft.com/content/35089ffd-aed...