Earlier quoted context omitted.
Unlike petroleum, batteries are almost 100% recyclable. Our "peak battery" is bounded at the product of "peak population" and per-capita battery need, both of which are fairly constrained. Not really the right analysis.
> Unlike petroleum, batteries are almost 100% recyclable. Not using current technology. You can't recycle lithium (for example) using smelting. It's also not very profitable. It's still very much an unsolved problem. I would love to be proved wrong! Edit: I don't know why this is being downvoted. Using current recycling methods, the lithium is not recyclable (the cobalt is). I then asked if I am not correct, to pleas…
Lithium is not a limiting resource for battery production, it's actually fairly common in the earth's crust. The limit is cobalt[1].
Extracting cobalt from a junked battery is orders of magnitude cheaper than mining and smelting it from the (very diffuse) ores that are available.
[1] Also, per the article, nickel, which surprises me so much that I suspect it's wrong. Per wikipedia nickel reserves are 30x yearly production, and of course new exploration and extraction techniques are always pushing the reserve number up.