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The amount of all these rare metals spent on sputtering targets is so low, that a years worth of production will last the entire global semi industry an eternity.
And... most of the time, those sputtering targets are not even fully used. They are thrown out half way into their useful resource, not recycled, even very expensive ones.
We heard similar dire warnings when Russia invaded the Ukraine. In the media the sky is always falling because that is what gets clicks. In reality the semiconductor industry is filled with the most intelligent problem solvers on earth. I would not lose sleep over this one.