I didn't raise the GFC, you did.The demand driver for lithium is...

I didn't raise the GFC, you did.

The demand driver for lithium is primarily batteries being used by EV's and ESS. This isn't a government stimulus issue. The primary demand driver for EV's is BAU vehicle sales through a change in the mix (less ICE, more EV's). People have bought cars for the last 100 years and will probably be buying them for the next 100 years. This isn't a government stimulus issue, its like the changing from dumb phones to smart phones. Changing from buying 3G to 4G then 5G phones. People wanted a phone and changed the style of phone being bought. Every year there are new cars build and sold. That number is trending to 100m/yr. They are primarily bought by consumers with good paying jobs. Those with poor paying job's buy second hand car's. Always have, always will.

The primary demand driver for ESS is profit. At a commercial level its profitable to take cheap solar during the middle of the day, store it for a few hours and then release it to households in the evening as they come home from work and electricity prices are higher. At a grid level, batteries help displace peaking gas/coal fired plants from less reliable solar/wind sources. At an individual level putting solar on the roof with battery storage can slash electricity costs. None of that relates to government stimulus packages to avoid recessions although some ESS will come with government support.

The world demand for lithium doesn't depend on Australia's demand for lithium. Australia is largely irrelevant to the world lithium demand picture.

The US government's been in debt for decades. The last US government surplus was back in 2001. That doesn't stop the US government spending on all sorts of stuff.

But back to TG6. The current price of lithium is artificially low and may even get lower. If it remains at this price, the growth in supply growth needed won't happen and instead prices will skyrocket when there is a shortage managed through demand rationing prices. There will also be limited exploration so he pipeline of new projects will stall. Currently there's too many unknowns to estimate TG6's future profitability price break-even point but that's the case with every project at the same stage as TG6. At prices like those being forecast for later in the decade like US$1,500/t, TG6 should be making good profits.