The quick answer is that we are not short of any of those materials. We might not be producing enough right now, but there's far more than enough that can be mined or recycled inexpensively.
Increased prices will cause more mining and recycling, eventually the price will settle at the cost of production + something for profit. The something for profit is quite small, the coast for low risk capital is ~5% a year.
There might be a 5-10 period when profits are high for miners, but eventually the profits will be competed away by new entrants. (Except if you have a mine that produces very cheaply because it is so rich or easy to operate, these people will stay high profit. The most expensive mines will just make back they're capital costs + return).
You can see this with fracking which is horribly unprofitable. Hedge funds have lost billions over building fracking wells.
Increased prices will cause more mining and recycling, eventually the price will settle at the cost of production + something for profit. The something for profit is quite small, the coast for low risk capital is ~5% a year.
There might be a 5-10 period when profits are high for miners, but eventually the profits will be competed away by new entrants. (Except if you have a mine that produces very cheaply because it is so rich or easy to operate, these people will stay high profit. The most expensive mines will just make back they're capital costs + return).
You can see this with fracking which is horribly unprofitable. Hedge funds have lost billions over building fracking wells.