The Liberal Party women's network some forgot even existed
A bigger problem for the network might be its messenger. Senator Jane Hume, who co-authored the 2022 election review, is its chair. But Hume, a frontbencher during Peter Dutton's leadership, is firmly on the out, and was dumped from new opposition leader Sussan Ley's ministry.
Hume had a patchy performance during the recent election campaign, where she made inflammatory comments about 'Chinese spies' helping Labor and was at the centre of the Liberals' botched 'back to the office' pitch.
The Liberals didn't respond to questions about whether she'd remain as chair, and the senator didn't return our calls. But the MGN network chair is a job Hume hasn't lost. She was appointed by outgoing party president John Olsen, and told CBD from the UK that she was looking at the British Conservatives' mechanisms to successfully improve female representation in the 2010s.
Joshing around
Hillel Fuld, the controversial Israeli tech bro influencer, blogger, vlogger, and father of five, will not be able to speak in person at the Magen David Adom Australia medical fundraisers in Melbourne and Sydney. The pesky feds have stepped in and cancelled his visa.
For those who came late, the Department of Home Affairs decided Fuld's history of Islamophobic remarks had the potential to 'incite discord' and 'would or might be a risk to the good order of the Australian community', according to a leaked copy of its decision to revoke his visa.
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Fuld attracts sympathy among some in the Jewish community because his brother was murdered by a Palestinian terrorist. However, it's fair to say some thought he was an unusual choice for MDA Australia, fundraising for Israel's national emergency medical ambulance and blood bank service, which has about 1000 employees but nearly 30,000 volunteers and is a member of the International Red Cross and Red Crescent Movement.
Fuld will appear via video link, but handily, MDA Australia has lined up additional talent, 'a great speaker and a great friend of MDA Australia', as the charity's Glynis Lipson told CBD.
Step forward Josh Frydenberg, the former deputy leader of the Liberal Party and ex-federal treasurer, who these days is enjoying civilian life as chairman of Goldman Sachs' Australian business. Frydenberg told CBD he was not endorsing Fuld, but was certainly endorsing MDA and its charity work.
It's bound to be quite the address.
As CBD, who was present during Frydenberg's address at investor James Baillieu's rebel literary garden party during the Sorrento Writer's Festival, Josh can really turn it up to 11.
Crashing in
Interesting to note that Israeli MP Sharren Haskel has been weighing into the Fund visa controversy, telling The Australian newspaper: 'The banning of high-profile Israelis from Australia must stop. This is no way for an ally to act.'
Haskel is the deputy foreign minister of Israel and closely attuned to Australian politics. Possibly because her senior adviser is none other than former Victorian state Liberal MP Tim Smith, whose career ended in a literal car crash when he drove his Jaguar into a suburban fence after getting on the turps a little too enthusiastically back in 2021.
Ever zealous, Smith has attempted to generate interest in Haskel by reaching out to some of his old Melbourne Facebook contacts and suggesting that they like Haskel's Facebook page. Cute.
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26 minutes ago
- News.com.au
High Voltage: What the trade tariff truce means for rare earths
US and China call a 90-day truce on trade tariffs for critical minerals China's rare earths tariffs saw prices jump for dysprosium and terbium How US will secure future supply for permanent magnets remains to be seen Our High Voltage column wraps all the news driving ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, and vanadium. After four months of retaliatory tariffs and imbroglio, Chinese and US officials agreed to a trade war truce on Wednesday, and the world breathed a collective sigh of relief. While the details are thin, Reuters reports the two countries have agreed on a framework to remove export restrictions and boost trade volumes. 'We have reached a framework to implement the Geneva consensus and the call between the two presidents,' US Commerce Secretary Howard Lutnick said. 'The idea is we're going to go back and speak to President Trump and make sure he approves it. They're going to go back and speak to President Xi and make sure he approves it, and if that is approved, we will then implement the framework.' While generally good news, it could be a bit of a blow for gold, rare earths and uranium stocks who were angling to become the new strategic – and western (ish) – sources of energy and critical minerals outside of China. Despite the 90-day truce, the export restrictions on rare earths especially saw prices jump, due to the US scrambling to source these essential minerals for its defence sector, energy and automotive technologies. China issued controls on the export of heavy rare earths, essential to the manufacture of permanent magnets and other high-tech items used in those critical industries that saw shipments slow to a crawl post "Liberation Day". That promised disaster for western factories with close to all of the refined samarium, dysprosium, terbium and more from the heavy end of the spectrum finished in China. Benchmark Minerals Intelligence research manager Neha Mukherjee said not just the US but all global EV manufacturers or anyone using permeant rare earth magnets containing dysprosium and terbium and medium and heavy rare earths were affected by the tariffs. 'Military organisations were affected the most, not just US but even Europeans as well,' she said. 'The basket value of terbium, which was around $700/kg in March, shot up to more than $1000/kg in mid-April, which is a huge spike, a more than 25% spike. 'Dysprosium saw a little bit of muted impact. There was a deficit in the market but there's enough stockpile in the market to meet demand for now.' What the truce will mean for rare earth stocks remains to be seen because there's no guarantee it will last beyond August – it's simply a pause. And if we've learnt anything from the previous Trump Administration, it's that he loves to change his mind and keep you guessing. So, time will tell if we're looking at a resumption of trade or a rekindling of rivalry. Battery Metals Winners and Losers Here's how a basket of ASX stocks with exposure to lithium, cobalt, graphite, nickel, rare earths, magnesium, manganese and vanadium is performing >>> Code Company Price % Week % Month % Six Month % Year Market Cap EV1 Evolutionenergy 0.013 63% 44% -46% -68% $4,714,456 NH3 Nh3Cleanenergyltd 0.037 61% 37% 68% 131% $20,325,772 ADD Adavale Resource Ltd 0.0015 50% -25% -40% -63% $2,287,279 ASM Ausstratmaterials 0.71 43% 7% 41% -20% $128,751,884 KGD Kula Gold Limited 0.01 43% 25% 51% -12% $8,291,283 EVR Ev Resources Ltd 0.007 40% 40% 250% 17% $11,915,020 WC1 Westcobarmetals 0.021 40% 40% 62% -58% $4,375,969 CZN Corazon Ltd 0.002 33% 0% -33% -71% $2,369,145 RLC Reedy Lagoon Corp. 0.002 33% 33% 0% -50% $1,165,060 LSR Lodestar Minerals 0.008 33% -56% -50% -75% $2,228,967 AOA Ausmon Resorces 0.002 33% 0% 0% -33% $2,622,427 EMN Euromanganese 0.225 29% 5% 15% -41% $14,211,434 YAR Yari Minerals Ltd 0.009 29% 29% 125% 125% $4,992,403 BSX Blackstone Ltd 0.096 26% 37% 256% 93% $66,569,788 TMB Tambourahmetals 0.025 25% 0% -11% -65% $3,677,251 RGL Riversgold 0.005 25% 11% 67% -17% $8,418,563 WSR Westar Resources 0.005 25% 0% -38% -50% $1,993,624 MIN Mineral Resources. 24.89 23% 18% -32% -63% $5,052,493,309 AAJ Aruma Resources Ltd 0.011 22% 10% -15% -31% $2,775,727 PGM Platina Resources 0.023 21% 10% 28% 0% $14,333,148 IPT Impact Minerals 0.006 20% 0% -42% -67% $23,731,980 ALY Alchemy Resource Ltd 0.006 20% 0% 0% -14% $7,068,458 TON Triton Min Ltd 0.006 20% 20% -25% -50% $9,410,332 AM7 Arcadia Minerals 0.018 20% 0% -18% -67% $2,112,902 KTA Krakatoa Resources 0.012 20% 20% 20% -20% $7,441,608 PMT Patriotbatterymetals 0.28 19% 14% -7% -63% $142,916,339 SRL Sunrise 0.5 19% -5% 117% 19% $44,662,612 TLG Talga Group Ltd 0.46 18% 8% 5% -17% $181,837,210 A11 Atlantic Lithium 0.135 17% -4% -44% -70% $83,177,678 MEI Meteoric Resources 0.135 17% 36% 53% -25% $303,792,162 PBL Parabellumresources 0.055 17% 10% 8% 31% $3,426,500 SRI Sipa Resources Ltd 0.014 17% 17% 0% -7% $5,829,577 TKM Trek Metals Ltd 0.073 16% 11% 181% 128% $42,830,769 CHN Chalice Mining Ltd 1.435 15% 27% 14% -3% $566,033,977 PLS Pilbara Min Ltd 1.3825 15% -6% -39% -61% $4,585,550,259 PUR Pursuit Minerals 0.049 14% 32% -66% -76% $4,388,294 PGD Peregrine Gold 0.17 13% 13% 31% -21% $13,151,400 BMM Bayanminingandmin 0.035 13% 13% -36% -39% $3,603,439 MEK Meeka Metals Limited 0.175 13% 21% 122% 447% $402,512,827 IPX Iperionx Limited 4.18 13% 18% -8% 96% $1,356,434,293 SBR Sabre Resources 0.009 13% 29% -10% -47% $3,550,157 EVG Evion Group NL 0.018 13% 6% -14% -10% $7,828,559 ENV Enova Mining Limited 0.009 13% 0% 29% -47% $11,308,006 LCY Legacy Iron Ore 0.009 13% 13% 0% -33% $87,858,383 SGQ St George Min Ltd 0.028 12% 8% 12% 12% $74,839,028 FBM Future Battery 0.019 12% -14% 6% -46% $12,038,507 LIT Livium Ltd 0.01 11% 25% -38% -61% $16,905,071 MQR Marquee Resource Ltd 0.01 11% 11% -41% -23% $5,024,723 MRR Minrex Resources Ltd 0.01 11% 18% 25% -5% $10,848,675 IMI Infinitymining 0.01 11% 25% -38% -64% $4,230,158 DVP Develop Global Ltd 4.52 11% 31% 88% 111% $1,242,968,322 AQD Ausquest Limited 0.061 11% 15% 578% 294% $83,356,713 EGR Ecograf Limited 0.33 10% 20% 255% 136% $149,863,500 LTR Liontown Resources 0.67 10% 6% 12% -38% $1,737,024,561 NWM Norwest Minerals 0.012 9% -8% -33% -42% $12,588,661 GAL Galileo Mining Ltd 0.125 9% 4% 9% -53% $24,703,116 IGO IGO Limited 4.29 8% 3% -16% -34% $3,309,260,343 SMX Strata Minerals 0.013 8% -13% -38% -43% $3,183,078 MTM MTM Critical Metals 0.49 8% 92% 158% 1224% $235,022,242 WR1 Winsome Resources 0.145 7% -9% -69% -85% $34,145,083 CXO Core Lithium 0.089 7% 27% 1% -11% $195,014,415 PSC Prospect Res Ltd 0.15 7% 0% 55% 7% $101,759,277 BYH Bryah Resources Ltd 0.015 7% 200% 275% 88% $13,049,303 NTU Northern Min Ltd 0.031 7% -6% 35% -28% $250,714,675 EFE Eastern Resources 0.031 7% 15% -6% -48% $3,908,788 MHK Metalhawk. 0.495 6% 14% 48% 800% $60,821,282 SYA Sayona Mining Ltd 0.017 6% -6% -45% -54% $196,236,032 REE Rarex Limited 0.019 6% -37% 81% 19% $16,562,952 SCN Scorpion Minerals 0.019 6% 12% 46% 6% $9,957,068 CRI Criticalim 0.019 6% 6% 46% -27% $51,251,523 HRE Heavy Rare Earths 0.04 5% 38% 25% 65% $8,321,355 ABX ABX Group Limited 0.044 5% 10% 16% -12% $10,790,123 DM1 Desert Metals 0.022 5% 22% -4% 10% $9,730,305 A8G Australasian Metals 0.069 5% -1% -14% -14% $3,994,391 ESR Estrella Res Ltd 0.046 5% 28% 109% 1050% $90,286,102 GT1 Greentechnology 0.024 4% -11% -61% -68% $11,404,081 ETM Energy Transition 0.048 4% -13% 78% 66% $72,916,208 GLN Galan Lithium Ltd 0.097 4% -8% -19% -49% $92,628,498 LIN Lindian Resources 0.125 4% 9% 42% 14% $144,177,780 TOR Torque Met 0.125 4% 26% 155% -43% $64,854,956 BCA Black Canyon Limited 0.08 4% 38% 16% -20% $10,372,056 ARL Ardea Resources Ltd 0.405 4% -4% 29% -27% $84,691,198 KAI Kairos Minerals Ltd 0.027 4% 29% 108% 200% $68,403,717 ATM Aneka Tambang 0.83 4% -13% -12% -22% $1,082,029 BKT Black Rock Mining 0.028 4% 40% -10% -53% $41,144,317 VTM Victory Metals Ltd 0.845 4% 32% 106% 219% $94,742,753 FGR First Graphene Ltd 0.029 4% -28% 0% -45% $20,217,966 RNU Renascor Res Ltd 0.059 4% -13% 0% -44% $150,043,815 LYC Lynas Rare Earths 8.515 3% 11% 22% 30% $8,044,843,099 ARU Arafura Rare Earths 0.165 3% -11% 38% -8% $406,614,234 AXN Alliance Nickel Ltd 0.035 3% 9% -17% -8% $26,130,226 NIC Nickel Industries 0.705 3% 14% -22% -23% $3,103,054,151 RON Roninresourcesltd 0.195 3% -11% 18% 56% $7,873,127 CHR Charger Metals 0.043 2% 13% -39% -43% $3,251,651 KZR Kalamazoo Resources 0.086 2% -3% -2% -5% $18,867,842 VHM Vhmlimited 0.24 2% -23% -48% -46% $60,515,988 HAW Hawthorn Resources 0.049 2% -9% 23% -30% $16,415,765 CY5 Cygnus Metals Ltd 0.1 2% 19% -13% 96% $85,113,167 BHP BHP Group Limited 38.67 2% 3% -8% -12% $198,217,496,777 ARR American Rare Earths 0.27 2% 0% 2% 17% $139,541,407 SYR Syrah Resources 0.285 2% -10% 8% -34% $297,039,772 AR3 Austrare 0.057 2% -16% -48% -40% $12,295,267 SYR Syrah Resources 0.285 2% -10% 8% -34% $297,039,772 PTR Petratherm Ltd 0.295 2% -2% -6% 1635% $100,228,283 L1M Lightning Minerals 0.06 2% -6% -18% -29% $6,199,699 PAT Patriot Resourcesltd 0.065 2% 8% 51% -3% $10,401,460 OCN Oceanalithiumlimited 0.066 2% 120% 144% 70% $10,957,770 MLX Metals X Limited 0.5375 1% 2% 30% 34% $487,515,346 NVX Novonix Limited 0.415 1% -17% -32% -38% $263,990,441 NWC New World Resources 0.048 1% 60% 129% 37% $169,981,523 VUL Vulcan Energy 3.92 1% -16% -41% -20% $903,118,986 QXR Qx Resources Limited 0.003 0% -14% -25% -63% $3,930,987 AZL Arizona Lithium Ltd 0.006 0% -40% -50% -75% $31,621,887 RIL Redivium Limited 0.004 0% 0% 0% 33% $13,609,422 LPD Lepidico Ltd 0.002 0% 0% 0% -33% $17,178,371 MRD Mount Ridley Mines 0.002 0% 0% -80% -80% $1,556,978 LKE Lake Resources 0.031 0% 0% -24% -43% $55,897,643 INR Ioneer Ltd 0.115 0% -18% -32% -32% $270,902,339 MAN Mandrake Res Ltd 0.019 0% 6% -17% -39% $11,917,938 CLA Celsius Resource Ltd 0.007 0% -13% -36% -30% $21,948,419 MNS Magnis Energy Tech 0.042 0% 0% 0% 0% $50,378,922 VRC Volt Resources Ltd 0.004 0% -20% 33% -20% $18,739,112 PNN Power Minerals Ltd 0.058 0% -8% -34% -60% $7,387,039 AXE Archer Materials 0.28 0% 6% -2% -24% $68,808,694 ARN Aldoro Resources 0.31 0% -15% 22% 392% $55,422,216 JRV Jervois Global Ltd 0.011 0% 0% 0% -27% $29,730,402 CTM Centaurus Metals Ltd 0.39 0% 13% -6% -15% $183,779,449 VML Vital Metals Limited 0.002 0% -33% -20% -50% $11,790,134 AVL Aust Vanadium Ltd 0.01 0% -9% -17% -38% $86,346,581 LEL Lithenergy 0.37 0% 0% 0% -8% $41,440,581 RMX Red Mount Min Ltd 0.009 0% 13% -10% -10% $4,649,578 LML Lincoln Minerals 0.0045 0% 13% -25% -44% $9,461,564 MRC Mineral Commodities 0.026 0% 0% 0% 8% $25,596,288 QPM QPM Energy Limited 0.039 0% -11% -25% 22% $98,486,311 MOH Moho Resources 0.004 0% 0% -11% 0% $2,981,656 WKT Walkabout Resources 0.095 0% 0% 0% -21% $63,769,838 CNJ Conico Ltd 0.007 0% 0% -30% -30% $1,905,017 BOA BOA Resources Ltd 0.02 0% 18% -13% -5% $2,467,057 SLZ Sultan Resources Ltd 0.005 0% -17% -29% -50% $1,157,350 MLS Metals Australia 0.018 0% -8% -25% -18% $13,116,951 AS2 Askarimetalslimited 0.007 0% -30% -42% -87% $2,829,195 EMS Eastern Metals 0.01 0% 0% -9% -73% $1,394,262 FG1 Flynngold 0.032 0% 28% 14% 14% $12,913,444 GSM Golden State Mining 0.007 0% 0% -22% -30% $1,955,594 LRV Larvottoresources 0.645 0% -15% 34% 659% $263,879,979 CTN Catalina Resources 0.004 0% 60% 42% 22% $9,704,076 TEM Tempest Minerals 0.004 0% -20% -20% -56% $3,511,212 OB1 Orbminco Limited 0.0015 0% 50% -28% -40% $4,796,352 LMG Latrobe Magnesium 0.009 0% -31% -64% -80% $23,639,310 KOR Korab Resources 0.008 0% 0% 0% 60% $2,936,400 CMX Chemxmaterials 0.026 0% 0% -16% -46% $3,354,580 NC1 Nicoresourceslimited 0.1 0% 37% 0% -20% $12,345,058 CMO Cosmometalslimited 0.016 0% -6% 7% -61% $5,154,170 ENT Enterprise Metals 0.002 0% 0% -50% -33% $2,362,635 AKN Auking Mining Ltd 0.008 0% 14% 60% -62% $4,598,230 EMT Emetals Limited 0.003 0% 0% -40% -40% $2,550,000 WIN WIN Metals 0.021 0% -9% 5% -40% $11,551,220 STM Sunstone Metals Ltd 0.017 0% 31% 113% 70% $96,934,781 WC8 Wildcat Resources 0.14 0% -26% -40% -59% $181,516,739 ASO Aston Minerals Ltd 0.022 0% 29% 144% 69% $28,491,414 ODE Odessa Minerals Ltd 0.006 0% 20% 20% 100% $9,597,195 LNR Lanthanein Resources 0.001 0% -50% -67% -75% $2,443,636 CLZ Classic Min Ltd 0.001 0% 0% 0% -67% $2,790,942 ILU Iluka Resources 3.66 0% -10% -29% -47% $1,619,825,940 IDA Indiana Resources 0.075 0% -6% 19% 76% $49,490,399 TAR Taruga Minerals 0.008 0% -11% -30% 33% $6,423,787 GRL Godolphin Resources 0.01 0% 11% -29% -55% $4,488,733 LNR Lanthanein Resources 0.001 0% -50% -67% -75% $2,443,636 KNI Kunikolimited 0.12 0% -8% -31% -43% $10,430,912 LLM Loyal Metals Ltd 0.13 0% 59% 8% -32% $13,095,298 LLL Leolithiumlimited 0.332997 0% 0% 0% 0% $401,204,047 SRN Surefire Rescs NL 0.002 0% -20% -40% -70% $3,729,668 EG1 Evergreenlithium 0.03 0% -19% -57% -62% $6,587,349 LU7 Lithium Universe Ltd 0.006 0% 20% -33% -62% $4,715,878 TMX Terrain Minerals 0.0025 0% -17% -17% -17% $5,621,392 MHC Manhattan Corp Ltd 0.022 0% 29% -4% -34% $5,167,776 FIN FIN Resources Ltd 0.005 0% -29% 25% -50% $3,474,442 ASR Asra Minerals Ltd 0.002 0% -20% -43% -56% $5,533,072 WA1 Wa1Resourcesltd 14.04 0% 21% -13% -16% $987,973,172 S32 South32 Limited 3 -1% 8% -15% -18% $13,792,238,828 PLL Piedmont Lithium Inc 0.094 -1% -18% -49% -48% $52,795,335 KM1 Kalimetalslimited 0.082 -1% -9% -37% -76% $6,876,339 ASL Andean Silver 1.135 -1% 16% 5% 63% $184,177,556 OMH OM Holdings Limited 0.305 -2% -3% -12% -34% $229,877,040 PEK Peak Rare Earths Ltd 0.27 -2% 157% 168% 31% $95,071,485 PEK Peak Rare Earths Ltd 0.27 -2% 157% 168% 31% $95,071,485 GRE Greentechmetals 0.043 -2% -12% -43% -77% $4,822,126 ZNC Zenith Minerals Ltd 0.039 -3% -11% -5% -37% $15,890,215 EMH European Metals Hldg 0.19 -3% -12% 36% -42% $39,414,494 RXL Rox Resources 0.2825 -3% -10% 49% 82% $208,774,927 SUM Summitminerals 0.035 -3% -8% -76% -90% $3,100,163 SRZ Stellar Resources 0.0165 -3% -8% 10% -8% $34,315,884 HAS Hastings Tech Met 0.3 -3% -6% 0% 7% $54,771,179 ADV Ardiden Ltd 0.145 -3% 4% 12% 0% $9,065,038 GL1 Globallith 0.145 -3% -15% -28% -53% $37,951,158 EMC Everest Metals Corp 0.145 -3% 0% 7% 38% $32,499,032 ITM Itech Minerals Ltd 0.028 -3% -29% -47% -61% $4,612,555 OD6 Od6Metalsltd 0.026 -4% -16% -10% -55% $4,172,167 RVT Richmond Vanadium 0.13 -4% -10% -48% -57% $28,478,463 DRE Dreadnought Resources Ltd 0.0125 -4% -11% 9% -38% $60,954,000 VMC Venus Metals Cor Ltd 0.12 -4% 9% 114% 40% $22,554,799 GED Golden Deeps 0.023 -4% 15% -18% -53% $4,073,891 BUR Burleyminerals 0.041 -5% 0% -25% -65% $7,427,860 COB Cobalt Blue Ltd 0.06 -5% 7% -13% -25% $26,245,492 JMS Jupiter Mines. 0.2 -5% 33% 48% -35% $382,403,143 ICL Iceni Gold 0.08 -5% 43% 25% 3% $24,845,444 CWX Carawine Resources 0.093 -5% -4% -4% -11% $21,959,667 INF Infinity Lithium 0.018 -5% -14% -22% -65% $8,506,658 1MC Morella Corporation 0.017 -6% -11% -45% -77% $6,561,124 E25 Element 25 Ltd 0.21 -6% -9% -19% -18% $48,008,604 JLL Jindalee Lithium Ltd 0.3775 -6% -1% 89% -14% $29,119,927 CAE Cannindah Resources 0.032 -6% -26% -24% -48% $22,570,479 DEV Devex Resources Ltd 0.078 -6% -6% -22% -79% $34,451,872 BNR Bulletin Res Ltd 0.062 -6% -18% 59% 48% $18,204,026 GBR Greatbould Resources 0.061 -6% -12% 36% -3% $46,407,138 AGY Argosy Minerals Ltd 0.015 -6% -25% -46% -85% $21,838,814 IXR Ionic Rare Earths 0.0075 -6% 0% 7% -38% $42,139,406 LEG Legend Mining 0.0075 -6% 7% -25% -42% $23,291,817 PNT Panthermetalsltd 0.015 -6% 0% 7% -52% $4,513,568 CDT Castle Minerals 0.089 -6% 25% 48% -41% $10,324,852 BC8 Black Cat Syndicate 0.83 -7% -14% 19% 181% $587,227,057 GW1 Greenwing Resources 0.027 -7% -10% -33% -52% $7,411,497 VR8 Vanadium Resources 0.013 -7% -7% -58% -78% $7,335,794 RAS Ragusa Minerals Ltd 0.013 -7% -32% 8% -38% $1,853,784 PFE Pantera Lithium 0.013 -7% -7% -28% -70% $6,159,188 KFM Kingfisher Mining 0.051 -7% 4% 16% -22% $2,739,465 ASN Anson Resources Ltd 0.05 -7% -6% -18% -55% $69,336,827 PVW PVW Res Ltd 0.012 -8% 0% -25% -48% $2,386,857 M24 Mamba Exploration 0.012 -8% 0% 0% -40% $3,541,987 OM1 Omnia Metals Group 0.012 -8% 33% -85% -85% $2,605,100 DLI Delta Lithium 0.17 -8% -19% -8% -32% $121,812,105 LOT Lotus Resources Ltd 0.165 -8% -11% -23% -58% $379,155,689 DYM Dynamicmetalslimited 0.27 -8% 26% 20% 64% $13,252,772 EUR European Lithium Ltd 0.042 -9% -19% -2% -21% $59,252,440 NMT Neometals Ltd 0.082 -9% 4% 1% -21% $63,862,282 SLM Solismineralsltd 0.091 -9% 14% 8% -9% $11,812,221 BUX Buxton Resources Ltd 0.04 -9% 33% -5% -44% $13,349,016 THR Thor Energy PLC 0.01 -9% -9% -23% -44% $7,107,898 LPM Lithium Plus 0.06 -9% 3% -40% -64% $8,103,240 KOB Kobaresourceslimited 0.035 -9% -9% -49% -77% $5,708,218 TVN Tivan Limited 0.095 -10% -14% 2% 44% $198,510,754 CNB Carnaby Resource Ltd 0.32 -10% 3% -4% -36% $71,942,491 AUZ Australian Mines Ltd 0.009 -10% -10% -18% 0% $13,285,865 BM8 Battery Age Minerals 0.054 -10% 2% -55% -66% $6,582,158 WMG Western Mines 0.175 -10% 3% 25% -58% $16,937,960 IG6 Internationalgraphit 0.052 -10% -17% 0% -41% $10,065,033 NVA Nova Minerals Ltd 0.335 -11% 3% 20% 63% $114,664,083 FLG Flagship Min Ltd 0.049 -11% -35% -16% -69% $10,858,075 RR1 Reach Resources Ltd 0.008 -11% -27% 7% -33% $6,995,451 FTL Firetail Resources 0.08 -11% 29% -13% 2% $30,022,210 RR1 Reach Resources Ltd 0.008 -11% -27% 7% -33% $6,995,451 ANX Anax Metals Ltd 0.008 -11% 14% -20% -79% $7,062,461 FRS Forrestaniaresources 0.07 -11% 49% 367% 30% $21,736,570 KNG Kingsland Minerals 0.084 -12% -24% -33% -51% $6,095,117 PVT Pivotal Metals Ltd 0.007 -13% 17% -22% -59% $6,350,581 AX8 Accelerate Resources 0.007 -13% -22% 0% -87% $5,580,321 RAG Ragnar Metals Ltd 0.021 -13% 17% 5% 24% $9,953,706 AVW Avira Resources Ltd 0.007 -13% 0% -65% -65% $1,610,000 FRB Firebird Metals 0.075 -13% -3% -32% -61% $11,246,551 STK Strickland Metals 0.135 -13% 29% 53% 17% $305,418,573 RBX Resource B 0.025 -14% -32% -31% -29% $2,879,612 DTM Dart Mining NL 0.003 -14% 0% -73% -84% $3,594,167 CRR Critical Resources 0.003 -14% 0% -50% -63% $9,149,774 M2R Miramar 0.003 -14% 0% -25% -68% $2,990,470 WCN White Cliff Min Ltd 0.022 -15% -35% 29% 5% $53,094,495 LM1 Leeuwin Metals Ltd 0.135 -16% -21% 125% 121% $13,608,862 1AE Auroraenergymetals 0.06 -17% 9% 30% -20% $10,743,824 AZI Altamin Limited 0.024 -17% -8% 0% -29% $13,788,069 S2R S2 Resources 0.07 -18% -26% 13% -42% $33,964,349 GCM Green Critical Min 0.0175 -20% 17% 150% 483% $42,952,495 REC Rechargemetals 0.015 -21% -6% -35% -58% $3,854,850 TKL Traka Resources 0.0015 -25% 50% 0% 0% $3,188,685 QEM QEM Limited 0.042 -30% -13% 27% -71% $9,928,815 G88 Golden Mile Res Ltd 0.012 -33% 9% 33% 0% $6,530,974 PRL Province Resources 0 -100% -100% -100% -100% $0 POS Poseidon Nick Ltd 0 -100% -100% -100% -100% $23,380,727 AML Aeon Metals Ltd. 0 -100% -100% -100% -100% $5,482,003 LRS Latin Resources Ltd 0 -100% -100% -100% -100% $477,661,711 CAI Calidus Resources 0 -100% -100% -100% -100% $93,678,206 LTM Arcadium Lithium PLC 0 -100% -100% -100% -100% $1,994,929,982 Code Company Price % Week % Month % Six Month % Year Market Cap Weekly Small Cap Standouts Alchemy Resources (ASX:ALY) The explorer has spotted 'compelling' new lithium targets at its Roe Hills farm-in with Japan Organization for Metals & Energy Security (JOGMEC) in WA. Recent detailed structural mapping in tandem with the extensive geochemical and geophysical dataset completed in the previous quarter, has returned three high priority areas for immediate follow-up which include pegmatite occurrences. 'A significant number of pegmatite areas have been identified in all three target areas, and with geologists in the field this week, we hope to further refine these areas to enable drill planning to commence as soon as possible,' CEO James Wilson said. JOGMEC can earn 51% interest by spending $6m on the project by 31 March 2029. Patriot Battery Metals (ASX:PMT) The company has found potential high-value by-products – such as caesium - within the existing lithium resource at its Shaakichiuwaanaan project in Canada. Widespread pollucite mineralisation – the optimal host mineral for caesium – has been confirmed at the Vega and Rigel zones. 'The presence of significant caesium mineralisation at Shaakichiuwaanaan, in addition to lithium and tantalum, reinforces the amazing endowment of the geology and the potential for other critical and strategic metals to further enhance and diversify future project economics,' president, CEO and managing director Ken Brinsden said. 'We are very keen to explore these value-add opportunities on top of what is already recognised as a world-class lithium pegmatite in its own right.' PMT expects to announce a maiden resource for caesium before the end of third-quarter 2025. Talga Group (ASX:TLG) Talga has secured a key mine permit in Sweden, after all appeals against the Nunasvaara South natural graphite mine Exploitation Concession, were dismissed by the Swedish Government. This means the Exploitation Concession granted by the Mining Inspectorate of Sweden (Bergsstaten) is now in force for the mine, which is part of Europe's largest and highest grade JORC classified natural graphite resource. The mine is vertically integrated with Talga's fully permitted Luleå anode refinery, set to produce 19,500 tonnes of sustainable high-performance Li-ion battery anode annually for EV, BESS and defence markets. 'This milestone showcases Talga's commitment to responsible resource development and the Swedish Government's positive decision means we now have all major permits in place for both the mine and refinery,' CEO Martin Phillips said. Pilbara Minerals (ASX:PLS) The miner has increased the resource at its Pilgangoora operations in WA to 446Mt an increased grade of 1.28% Li2O for 5.7Mt of lithia. That represents a 10% increase in total tonnage and 23% increase in contained lithium oxide compared with the June 30, 2024 mineral resource statement. 'The significant uplift in the mineral resource reaffirms our 100% owned Pilgangoora operation as one of the world's largest and highest-quality hard rock lithium assets,' managing director and CEO Dale Henderson said. 'This outcome is aligned with our strategy to optimise the operating base and unlock the full potential of this world-class asset, driving long-term value for our shareholders. 'The upgrade further consolidates PLS' position as a leading global lithium supplier. 'It reflects the fundamental strengths of our business – large-scale, high-quality assets, disciplined operations, a diversified supply chain, and a strong balance sheet. 'These strengths provide the resilience to navigate current market conditions, while preserving the flexibility to scale as the lithium market transitions to its next phase.' Argonaut's Hayden Bairstow, who has a $3.50 price target on PLS, said the higher grade and larger deposit will likely add to the Pilgangoora mine life. "The improvement in the average grade is a positive for PLS and should provide scope for extensions to the current mine life beyond the reserve," he said in a note. "Incorporating the higher-grade resource into our longer-term forecasts is largely offset by delaying the development timing of Salinas and factoring in the weaker spot spodumene price."
Sky News AU
2 hours ago
- Sky News AU
Retired US General Jack Keane says lack of American submarines ‘real basis' for Trump administration's AUKUS review
Retired US General Jack Keane has said he believes American concerns over having enough submarines for their own fleet is underpinning the AUKUS defence pact review instigated by the Trump administration. A primary pillar of AUKUS, a trilateral security partnership agreed to in 2021, is to enable Australia to acquire nuclear-powered submarines, as well as other advanced weapons. The newly announced review into the pact is being headed by Under-Secretary of Defence for Policy Elbridge Colby, who has previously been critical of the submarine deal. Speaking to Sky News Host Andrew Bolt on Thursday, Mr Keane said he believed concerns over the US holding on to enough submarines is the 'real basis' for AUKUS coming under the microscope. 'I mean, we know for a fact, we don't have anywhere near all the submarines that we would like to have and it's the submarines where we have the advantage, the United States and our allies, over China itself,' the former general said. '(China) have decisive advantages in surface ships, in offence and defensive missiles, and also the number of aeroplanes that they have every day in the region. Submarines is something we want more of.' However, Mr Keane said he thought having Australian-operated American submarines in Indo-Pacific waters would be a 'real strategic plus'. The former general was asked whether the American popular opinion could swing away from thinking US submarines being operated under an Australian flag is good idea, but Mr Keane said he did not hold such concerns. 'I think the primary issue is the number of submarines. The United States knows we don't have enough. It takes us too long to build them, and we've got to get it right,' he said. The former general's remarks come as questions continue to be asked about whether the Albanese government has pledged enough of the nation's GDP towards defence, with pressure mounting from Washington for Canberra to boost its military spending. Sky New News Host Sharri Markson revealed on Thursday the Trump administration will use the AUKUS review as way to try and push Australia towards increasing its defence budget. Meanwhile, former prime minister Scott Morrison, who oversaw the formation of AUKUS, has declared he is not concerned about what the US-led review may mean for the future of the security partnership. 'It's totally within their remit… Incoming governments do reviews. Keir Starmer did a review and that resulted in the UK government being even more committed to AUKUS,' Mr Morrison told Sky News. His sentiments were echoed by Defence Minister Richard Marles, who downplayed anxieties while also confirming Australia knew about the review in advance. Former Australian Minister Alexander Downer has likewise said he does not think Australia should be concerned, asserting his belief the US will not scrap the agreement under President Trump's reign. 'I think there is going to be a debate within the American system about selling to Australia Virginia-class submarines,' Mr Downer told Sky News Host Chris Kenny on Thursday. 'Not because of the technology of the submarines, but because the American administration will argue that they haven't got enough submarines and they can't build them fast enough.' Mr Downer also said he thinks the US are concerned about Australia's defence spending in light of the review. "I think they would be concerned about our low level of defence expenditure and the way the Australian defence forces have become increasingly depleted," he said. "But I don't think in the end the Americans are going to cancel the AUKUS programme. You have to remember this is a trilateral programme, not a bilateral programme, and Britain is the, if you like, second player in it, certainly the second most important player in it."
Sky News AU
2 hours ago
- Sky News AU
Defence experts warn Australia's armed forces 'languishing', short on firepower due to 'deeply inadequate' military spending
Australia's defence force is weaker than it was before East Timor, is under armoured and short of firepower according to stinging analysis by two of the nation's leading defence experts. With the Prime Minister heading to the G7 in Canada, defence analyst Peter Jennings and Retired Chief of Army, Peter Leahy have both given their thoughts on the AFD and how it stacks up. A break down by Sky News of regional power players also lays out Australia's fragile capabilities despite numerous governments talking up potency, reliability and acquisitions. 'We are in a very dangerous strategic situation now,' said Peter Jennings, from Strategic Analysis Australia. It's a sentiment shared by Retired Lieutenant General, Peter Leahy. 'In the case of the Australian Army I was the Chief from 2002 to 2008. If I look at the army now it is smaller than what it was then. It's not as capable. It has less armoured protection and recruiting is really quite difficult,' said the former Chief. A former senior naval officer who wished to remain anonymous affirmed the Royal Australian Navy was down on the missile firepower it had 30 years ago – leaving it short of ships and under-gunned. With Russia's invasion of Ukraine, Europe rearming and the Chinese Communist Party intent on achieving hegemony in the region, armouries are growing, and defence budgets are being stretched. This year the United States intends to spend (in Australian dollars) $1.56 trillion on defence. China stated spend is $375-billion although its estimated to more accurately be around $620 billion. It's acquired three aircraft carriers and the world's second largest air force in a little over decade. It's also expanding its nuclear arsenal and is amassing a bespoke fleet to potentially take the democratically governed islands of Taiwan. Japan continues to ramp up its own defence spending, reportedly up nearly ten per-cent year on year to $105-billion. The sum is equal to one-point-eight percent of its GDP. Australia will spend $59 billion. It's roughly two per-cent of GDP with an intention to reach two-point-four per cent by 2034. 'We are facing some difficult times,' said Peter Jennings. 'Up against that level of risk, our defence spending is deeply inadequate… We are just a tiny shade over two per-cent of GDP and you know, that I think was a peace time level spend.' When it comes to combat airpower – fighters, bombers and long-range armed drones, America's force numbers around 3,276. China's air fleet is estimated to be around 2750. It remains highly secretive around the number of long-range drones capable of inflicting damage. Japan's defence force numbers 258. Indonesia's strike force is 116. Australia's modest but capable strike force numbers 108. The Department of Defence was specifically asked how many long-range armed drones Australia has acquired, but in its answer, didn't identify any. It's concerning considering the state of the Royal Australian Navy, which critics believe lags a decade behind in acquisition. Australia operates on a 'three to one' rotation policy meaning its force needs to be divided by three. Consequently, it aims to have two submarines, one destroyer and two frigates available for deployment. Although Australia's two resupply ships are both currently out of action tethering the navy even closer to shore. When it comes to soldiers and marines, China's fighting force numbers more than a million. Indonesia stands around 300,000. Australia's active duty force has shrunken to 28,500. 'The ADF is a professional organisation, sadly I think it's languishing,' said Peter Leahy. 'There's a really solid debate that says we need to spend more money on defence and I agree entirely. But I agree with the Prime Minister and others that it's not just a sum we need to spend, we need to be careful about what we want. How we acquire and how we introduce it into services. 'Everybody is saying it's the most catastrophic circumstances since before the second world war (and) we need to do something …. Action is required.' The former Army Chief dismissed the notion Australians should be scared. 'I don't think there's any reason to be scared …. (but) the public need to be concerned that people are thinking about this.' Prime Minister, Anthony Albanese has publicly sidestepped – if not rebuffed - America's request for Australia to urgently increase the nation's defence spending to three-point-five per cent of GDP, saying 'I think that Australia should decide what we spend on Australia's defence. As simple as that.' 'It's very clear that the Americans think our defence spend is deeply inadequate,' said Peter Jennings. '(US Defense Secretary) Pete Hegseth in Singapore said we should lift it from two per- cent to three-and-a-half per cent. That's a massive increase … So, I think the signal, not particularly coded from the United States is we need to do a lot better.' Former Prime Minister Scott Morrison recently told this reporter, 'We've got to be looking at three per cent. We should be at two-and-a-half per cent as quickly as possible. You know, I'd be saying three-per cent by 2030 … and it's not like we haven't been there before.' Though, it's always easier to talk about where defence spending should be than decide where taxes should increase or what must be cut. In the Second World War Australia's defence spend climbed towards 35 per cent of GDP. It's nothing if not an indication of the financial cost of conflict when diplomacy fails. When it came to opposition, Peter Jennings rebuffed suggestion the outcry amounted to warmongering. 'With the biggest war in Europe since the Second World War, with the Middle East in flame, with China not hiding the fact that it's becoming increasingly aggressive to all of its neighbours, circumnavigating Australia with some of its best military equipment. How could anyone think we are in a benign period and we don't have to worry about these developments,' he said. 'Il's plain for all to see, it's not like you need to have some special security clearance to understand what's going on. We can't afford to be in denial about it,' he said.
