Earlier quoted context omitted.
You can recycle the minerals so it will also fall back down to almost 0 on a longer timescale. If you keep burning gas you will never stop mining.
We have heard many claims from politician about https://en.wikipedia.org/wiki/Circular_economy You can recycle the minerals and you should recycle minerals, but almost no recycling technology can recycle 100% of minerals and recycling has always costs attached to it (this can be for example capital costs, building recycling facilities, operating costs in form labor costs for separation, energy costs for melting mater…
So what?
> Recycling of EV batteries will lose between 1-10% of the valuable metals
How much gasoline, coal, and natural gas can you recycle?
> The worst kind of recycling is decreasing the costs of recycling by outsourcing to third world countries
That's going to happen as long as those countries are poor. They need to develop their economies quickly to demand better laws. Climate change will be a danger for many of them in the coming years.
Better, less-polluting recycling tech will help them far more than continuing to burn fossil fuels.