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Lithium to my knowledge is not as abundant and very hard to recycle. There are a lot of chemical waste in all processes.
It wasn’t very abundant 10 years ago. More deposits have been found, refining and extracting technology has improved and hopefully we will see the first commercial mass produced sodium-based battery this year (not in 25 years like fusion).
Lithium nickel cobalt batteries are still the best for density per kg, but will be reserved for premium cars in the future.