Question

Hello,
Over the past twenty-something years there have been many technological leaps, with internet in every home, a smartphone for everyone, and so on. Besides those things, every year tens of billions of computers, cars, airplanes, ships, advanced weapons of various kinds, household electrical appliances, industrial machines, etc., etc., etc. are produced.
But despite all these advances, in the end everything is based on various chips and different metals inside the devices.
These things are not like wheat that renews itself, and they cannot be recycled many times.
So if every year tens of billions of devices are produced, at some point the raw materials will simply run out. Won’t they? How long could that take?
And then what?
Will the world go back to 1950 and continue from there? And people will basically remember that there was a one-time “technological age” lasting some number of decades, and then the world went back to what it had been before?
So people say that maybe new things will be developed that do not yet exist. But it is possible that they will not be developed. And it is possible that even if they are developed, the various raw materials will still be depleted.