Jevon’s Paradox: which in the commodity space means, as technology and innovation engineer “out” or lessen the use of a given material, the resulting demand from more efficient products requires more of the raw material over the long run.
This happened with aluminum in the 1980s.
and it's happening with dysprosium right now
Gareth Hatch:
"Don’t confuse this decline in per-magnet usage, with the numbers for overall consumption, which will continue to increase."
http://investorintel.com/technology...-demand-expected-rise-50-year/#comment-407465
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