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This lecture covers the purpose and drivers of dynamic Material Flow Analysis (MFA), including steady state, quasi-stationary, and dynamic definitions. It explores the importance of cohorts, lifetimes, and case studies relevant in MFA. The lecture delves into balance equations, stock dynamics, and the impact of human activities on the environment. It also discusses the energy requirements for Lithium extraction and the distribution of geogenic stocks. The session concludes with a focus on growth models, uncertainty analysis, and error propagation in MFA.