Latest news with #MacquarieAustraliaConference
Yahoo
4 days ago
- Business
- Yahoo
Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil
SYDNEY (Reuters) - Lynas Rare Earths is eyeing potential purchases of rare earths deposits in Malaysia and Brazil and plans to work with early-stage developers to help bring their mines online, its CEO Amanda Lacaze said on Wednesday. The world's largest rare earths producer outside of China is considering fresh growth options given macroeconomic uncertainties, she said at the Macquarie Australia Conference in Sydney. Malaysia, where Lynas has processing operations, has a lot of the same geology that is present through much of Southeast Asia, such as Myanmar, she said. Myanmar is a significant supplier to China's rare earths industry. "Yes there are deposits there, yes there are deposits in Brazil. Yes we are looking at them," Lacaze said. On Malaysian sites, Lacaze said that any development would have to come with high environmental and sustainability standards and that Lynas was open to working alongside the companies to "put our script to work". "Would we like to see them developed? Yes. Will we facilitate that development? Yes," she said. In Australia, where Lynas' Mt Weld deposit is located, an election at the weekend has returned to power the Labor government which had put out a policy to stockpile critical minerals such as rare earths. That is an "uneconomic" policy, Lacaze said. "You need to focus on developing a strong and successful business, and one which relies upon government funding to construct and then government funding to produce is probably by definition uneconomic," she added. U.S. President Donald Trump's administration has put a focus on developing rare earths deposits, having last week signed a deal with Ukraine for supply. Rare earths are used in industrial magnets and in some defence applications. But new supplies are difficult to develop and can take many years, Lacaze said. "I sometimes want to take an ad out in the Washington Post saying, 'Want Rare Earths? Call 1800 Lynas," she said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Age
09-05-2025
- Business
- The Age
‘Lucky country': The unintended consequences of the Trumpian tariff storm
The Macquarie Australia Conference held in Sydney this week customarily has kicked off corporate Australia's dreaded 'confession season'. With financial accounts for most of Australia's companies closing off on June 30, now is the time to acknowledge whether their results are coming up short and face potentially brutal sharemarket punishment. But that was not really the case this year. Instead, the event provided an unusually upbeat insight into the unintended consequences of the Trumpian tariff storm. The big confession that emerged from the conference was: Australia continues to be the lucky country, and we are attracting global funds fleeing Trump's attack on US economic exceptionalism and the institutions that underpin it. There were already a few signs. The ASX's astonishing rebound from Trump's 'Liberation Day' tariff disaster last month was partly aided by the flight of money from the US into haven stocks such as Australia's banks, which have returned to stratospheric share prices. Loading Investment managers at the conference cited alternative assets such as Australian water rights as items of overseas interest in investments that have no correlation to the US benchmark S&P 500 index. 'We are considered a safe alternative,' Macquarie boss Shemara Wikramanayake told the conference. Australia is well-placed, relative to other economies, when it comes to fiscal and monetary levers to be used to ensure our economic resilience and strong institutional safeguards.
Sydney Morning Herald
09-05-2025
- Business
- Sydney Morning Herald
‘Lucky country': The unintended consequences of the Trumpian tariff storm
The Macquarie Australia Conference held in Sydney this week customarily has kicked off corporate Australia's dreaded 'confession season'. With financial accounts for most of Australia's companies closing off on June 30, now is the time to acknowledge whether their results are coming up short and face potentially brutal sharemarket punishment. But that was not really the case this year. Instead, the event provided an unusually upbeat insight into the unintended consequences of the Trumpian tariff storm. The big confession that emerged from the conference was: Australia continues to be the lucky country, and we are attracting global funds fleeing Trump's attack on US economic exceptionalism and the institutions that underpin it. There were already a few signs. The ASX's astonishing rebound from Trump's 'Liberation Day' tariff disaster last month was partly aided by the flight of money from the US into haven stocks such as Australia's banks, which have returned to stratospheric share prices. Loading Investment managers at the conference cited alternative assets such as Australian water rights as items of overseas interest in investments that have no correlation to the US benchmark S&P 500 index. 'We are considered a safe alternative,' Macquarie boss Shemara Wikramanayake told the conference. Australia is well-placed, relative to other economies, when it comes to fiscal and monetary levers to be used to ensure our economic resilience and strong institutional safeguards.
AU Financial Review
09-05-2025
- Business
- AU Financial Review
Fundies reveal biggest takeaways from Macquarie Conference
Investors have welcomed signs that corporate Australia held up well during the first months of US Donald Trump's trade war and are betting that domestic-facing stocks will propel the sharemarket higher as the Reserve Bank prepares to resume its easing cycle this month. The renewed optimism was sparked by this week's Macquarie Australia Conference, where analysts were bracing for a wave of earnings downgrades as the event provided companies with the first opportunity to reveal the impact of Trump's sweeping tariffs.
AU Financial Review
08-05-2025
- Business
- AU Financial Review
Qantas CEO Vanessa Hudson sees more positive fuel, currency outlook
Qantas Airways chief executive Vanessa Hudson has forecast a positive fuel and currency environment for the carrier next year, while saying the group was closely watching potential supply chain disruption to airline manufacturing parts. A stronger Australian dollar would support outbound tourism, benefiting airlines such as Qantas. Hudson also told the Macquarie Australia Conference that next financial year the airline's capacity on its US routes would be back at pre-pandemic levels.
