As for reserves, while you understand the economics you are missing the physics. For example, there is Li (and U) in the ocean. We don't extract Uranium from the ocean not only because it isn't economical, it isn't even energy efficient. This is because moving a billion tonnes of water takes more energy than the 3 tonnes of Uranium you would harvest from doing that. For Li, its takes just as much energy (and money) as its just as rare. In other words, there is a floor on that economic extraction argument specified by a positive EROEI (energy returned on energy invested).