Lithium is a precious metal and is used for batteries.
No precious metals aren't scarce. All non-rare earth metals are not scarce. Either non-rare earth metals or rare earth metals.  All rare earth metals can be used for batteries. All rare earth metals are essential for electric vehicles. Lithium is neither a non-rare earth metal nor essential for electric vehicles.
∀x (PreciousMetals(x) → ¬NotScarce(x))  ∀x (Non-rareEarthMetals(x) → NotScarce(x))   ∀x (Non-rareEarthMetals(x) ∨ RareEarthMetals(x))   ∀x (RareEarthMetals(x) → BeUsedForBatteries(x))   ∀x (RareEarthMetals(x) → EssentialForElectricVehicles(x))  ¬Non-rareEarthMetals(lithium) ⊕ ¬EssentialForElectricVehicles(lithium)