The Drake equation which is used to describe a rough estimate of possible ET civilizations that is able to communicate with us does not take into account the abundance of the chemical elements in the universe.
The equation is:
$$ N = R_* ~ f_p ~ n_e ~ f_l ~ f_i ~ f_c ~ L $$
$N$ = The number of civilizations in the Milky Way galaxy whose electromagnetic emissions are detectable.
$R_*$ = The rate of formation of stars suitable for the development of intelligent life.
$f_p$ = The fraction of those stars with planetary systems.
$n_e$ = The number of planets, per solar system, with an environment suitable for life.
$f_l$ = The fraction of suitable planets on which life actually appears.
$f_i$ = The fraction of life bearing planets on which intelligent life emerges.
$f_c$ = The fraction of civilizations that develop a technology that releases detectable signs of their existence into space.
$L$ = The length of time such civilizations release detectable signals into space.
but so far, there is no number for the density nor the abundance of chemical elements, even though life actually depends on various elements