Important mineral shares rocket after Australia-US deal
Jonathan Barrett
Assets and industrial corporations have loved a pointy carry of their share costs in early buying and selling on the ASX as buyers weigh up the brand new Australian-American $US8.5bn crucial minerals deal.
Anthony Albanese particularly referred to 2 “precedence initiatives”, one by Alcoa and the opposite by Arafura Uncommon Earths, that can take pleasure in an injection of capital from the federal government, as a part of a broader checklist of strategic operations.
Shares in Arafura surged by greater than 15% this morning to commerce above 55c, whereas Alcoa was up 8% to $60.
Arafura is planning on producing the sunshine uncommon earth oxides, neodymium and praseodymium, that are essential to the manufacturing of magnets, utilized in all the pieces from wind generators and medical units to electrical motors and ballistic missile steering methods.
Gina Rinehart has a ten% stake in Arufura.
Gina Rinehart, pictured right here in April in Sydney. {Photograph}: Hollie Adams/Reuters
Alcoa has a proposed gallium plant in Western Australia. Gallium is a strategic metallic and important enter in semiconductor manufacturing and the broader defence sector, utilized in superior digital warfare methods.
Australia’s broader crucial minerals sector has been rocketing in current weeks amid the push by the Australian and US governments to interrupt China’s management over the sector.
‘Able to go’: Trump and Albanese signal multibillion-dollar crucial minerals settlement – videoShare
Up to date at 20.26 EDT
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Potato provides decrease attributable to regular constraints, however 2024 circumstances had ‘some impression’ on yields, Woolworths says
Some customers have reported restricted potato provide on grocery store cabinets in current days. Woolworths says drought circumstances late final 12 months has restricted some provides, however mentioned any lacking spuds ought to quickly flip up as seasonal transition home windows finish.
A Woolies spokesperson mentioned:
We nonetheless have enough provide of potatoes for our clients, however drought circumstances from late 2024 and frosts earlier this 12 months have had some impacts on rising yields.
It’s additionally commonplace to see some provide constraints at the moment of the 12 months as we hit seasonal transition home windows.
We count on issues to return to regular within the coming weeks as we transfer to new season provide.
{Photograph}: V Chettleburgh/Getty ImagesShare
Up to date at 20.54 EDT
Prime US Democrat says Australia stays ‘stalwart ally’ and Aukus is ‘key’ to American safety
US senator Jeanne Shaheen (D-NH), a key Democrat and the rating member on the US Senate international relations committee, mentioned Australia stays a “stalwart ally of america within the Indo-Pacific” and a “key bulwark of our collective safety and prosperity”.
Shaheen launched an announcement saying a powerful partnership between the 2 nations is “important to deterring aggression by China within the area”, including:
I used to be glad to see President Trump voice help for Aukus, which is essential to each America’s safety and guaranteeing that the burden of collective protection is shared extra broadly amongst companions and allies.
The U.S. should additionally proceed to deepen its cooperation with Australia on crucial minerals to safe resilient provide chains that scale back our dependence on China and strengthen our industrial base …
The Indo-Pacific is watching whether or not America stands by its phrase. Congress will proceed working with our allies to make sure that Aukus and our broader strategic partnerships ship on their promise of shared safety and prosperity.
Jeanne Shaheen. {Photograph}: Bonnie Money/UPI/ShutterstockShare
Up to date at 20.34 EDT
Important mineral shares rocket after Australia-US deal
Jonathan Barrett
Assets and industrial corporations have loved a pointy carry of their share costs in early buying and selling on the ASX as buyers weigh up the brand new Australian-American $US8.5bn crucial minerals deal.
Anthony Albanese particularly referred to 2 “precedence initiatives”, one by Alcoa and the opposite by Arafura Uncommon Earths, that can take pleasure in an injection of capital from the federal government, as a part of a broader checklist of strategic operations.
Shares in Arafura surged by greater than 15% this morning to commerce above 55c, whereas Alcoa was up 8% to $60.
Arafura is planning on producing the sunshine uncommon earth oxides, neodymium and praseodymium, that are essential to the manufacturing of magnets, utilized in all the pieces from wind generators and medical units to electrical motors and ballistic missile steering methods.
Gina Rinehart has a ten% stake in Arufura.
Gina Rinehart, pictured right here in April in Sydney. {Photograph}: Hollie Adams/Reuters
Alcoa has a proposed gallium plant in Western Australia. Gallium is a strategic metallic and important enter in semiconductor manufacturing and the broader defence sector, utilized in superior digital warfare methods.
Australia’s broader crucial minerals sector has been rocketing in current weeks amid the push by the Australian and US governments to interrupt China’s management over the sector.
‘Able to go’: Trump and Albanese signal multibillion-dollar crucial minerals settlement – videoShare
Up to date at 20.26 EDT
Tory Shepherd
First Nations ancestors from Kaurna nation to be buried in Adelaide
First Nations ancestors from the southern elements of Kaurna nation will probably be buried in Adelaide in the present day. It’s the fourth ceremony of its sort on the Wangayarta memorial park in Smithfield, within the metropolis’s northern suburbs.
Lots of the ancestors’ stays had been collected and stored by museums and universities final century.
The Kaurna Yerta Aboriginal Company chair, Mitzi Nam, mentioned Kaurna had been “deeply relieved that our Previous Individuals’s spirits can now reunite and relaxation peacefully”:
We’ve now reburied ancestors from the north, south, east and west of Kaurna Yerta – however this is not going to be the final reburial.
There are nonetheless ancestors right here and abroad who have to be introduced house and laid to relaxation.
Mitzi Nam, chair of the Kaurna Yerta Aboriginal Company. {Photograph}: Sia Duff/The Guardian
SA Museum’s Aboriginal heritage and repatriation supervisor, Anna Russo, mentioned:
Wangayarta is an eternal legacy created by the Kaurna individuals who resolved that their ancestors’ tales of being disturbed from their conventional burial websites final century and heartlessly despatched to the Adelaide Museum, College and different establishments, shouldn’t be reburied with them.
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Up to date at 19.59 EDT
Joyce says he has loads of ‘comparable positions’ with Pauline Hanson, however will not be a member of One Nation
Again to Barnaby Joyce’s presser earlier, the place he was requested why he had been linked to One Nation.
He mentioned:
Pauline [Hanson], she has loads of positions … the place I’ve comparable positions. Word up to now Pauline I’ve fought bitterly towards each other, however issues transfer on.
Plenty of her causes that I’ve, you recognize, there’s an analogous wavelength. In the event you say all the pieces, no, after all not. However that’s – however I’m, I’m not a member of One Nation.
Joyce added that “philosophically” he had loads of similarities with One Nation’s priorities, together with on scrapping internet zero.
Pauline Hanson. {Photograph}: Hilary Wardhaugh/Getty ImagesShare
Up to date at 19.41 EDT
Ley stands by name for Kevin Rudd to go, regardless of experiences Trump accepted apology from ambassador
Sussan Ley, the opposition chief, is talking in Sydney, the place she was requested about her earlier name for Kevin Rudd, the ambassador to the US, to lose his job.
Donald Trump reportedly informed Rudd “all is forgiven” after the ambassador apologised for calling the US president a “village fool” 4 years in the past. Ley was requested if that might change her stance on Rudd:
I invite everybody to watch the sharp trade that befell and make their very own conclusions, that many people have, which is that the president didn’t seem to know the ambassador, and after sledging him in the way in which he did, then, for the prime minister to really snort at that sledge, in entrance of everybody at that desk, reveals me that the connection will not be the place it must be, with respect to the entire arduous work.
This isn’t in regards to the particular person. That is in regards to the relationship and it’s about Australia’s nationwide curiosity. And we’d like everybody kicking objectives, each step of the way in which, to make it possible for our companies and industries are backed in precisely as they need to be.
Sussan Ley. {Photograph}: Mick Tsikas/AAPShare
Up to date at 19.23 EDT
Joyce says his determination has been ‘fairly traumatic’, gained’t ‘flippantly’ rejoin the Nationals
Joyce mentioned he agonised over his determination, however wouldn’t “flippantly” rejoin the Nationals and nothing had modified over the previous couple of days that might make him rethink his alternative.
It’s been a fairly traumatic problem. I’m nonetheless principally a member of the Nationwide social gathering. I’ve not joined one other social gathering … I’m not going to do that factor the place you’re out for twenty-four hours or 48 hours and then you definitely’re again in. It’s not that.
This can be a actually arduous determination that I made, and I considered it over a really lengthy time period as issues received type of worse and worse and worse, to be trustworthy. And now I’ve made it. There’s nothing that’s modified within the final couple of days that might ever, you recognize … I wouldn’t create this kerfuffle if I used to be simply going to flippantly go in, exit, and put my foot again in.
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Up to date at 19.18 EDT
Barnaby Joyce says he gained’t be a part of course of that ‘hurts’ the Nationals, however will probably be concerned in coverage debate
Barnaby Joyce is holding a press convention in Tamworth, talking extra about his determination to go away the Nationals.
Joyce mentioned:
The connection in Canberra, I don’t wish to throw the plates round, but it surely had damaged down. I believe it’s necessary to say that. As a result of in any other case individuals go, “oh, why?” – it simply occurs in human relationships that they break down …
I wish to make this very clear. I really like the membership that has been so good to me. And I’m not going to be a part of any course of that I imagine hurts the Nationwide social gathering membership. OK? I will probably be concerned within the coverage debate. I’m entitled to that.
He mentioned his determination was centred on his means to talk his thoughts with out rubbing up towards others within the Nationals.
That’s why I’m resigning from standing for New England. As a result of I don’t wish to harm the individuals who’ve principally handed out for me and carried out all these issues for me. So that provides them an opportunity to maneuver on.
Barnaby Joyce. {Photograph}: Mick Tsikas/AAPShare
Up to date at 19.09 EDT
Josh Butler
Albanese to dine with Marco Rubio and meet with US treasury secretary
Anthony Albanese continues his Washington diplomatic tour this night, scheduled for conferences and dinner with two Trump lieutenants.
The prime minister will meet the secretary of state, Marco Rubio, for dinner, and be a part of the treasury secretary, Scott Bessent, for a working assembly as effectively.
Albanese’s DC journey winds up tomorrow, a lightning-quick go to then again to Australia.
The White Home. {Photograph}: Lukas Coch/EPAShare
Up to date at 19.12 EDT
Australians forking out on on-line procuring spent a document $20.7bn in final quarter
Australians spent a document $20.7bn on-line within the quarter stretching from July by September, up 15% from final 12 months, in line with new knowledge from Australia Submit.
The info reveals about 8.1m Aussie households shopped on-line, a 2.7% 12 months over 12 months enhance, with a median cart measurement a gradual $95.
The largest classes for customers are on-line marketplaces, meals and liquor and vogue, with 50% of individuals setting their sights on Black Friday gross sales subsequent month.
Individuals in New South Wales shopped probably the most on-line, adopted by Victoria and Queensland.
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Up to date at 18.43 EDT
‘I don’t such as you both’: Trump chides Australian ambassador Kevin Rudd on the White Home
Right here’s a snippet of the White Home assembly in the present day.
‘I do not such as you both’: Trump chides Australian ambassador Kevin Rudd at White Home – videoShareAnne Davies
Minns says Northern Seashores hospital buy-back reverses ‘one of many worst selections’ of any NSW authorities
Right here’s extra on what the NSW premier, Chris Minns, needed to say in regards to the buy-back of Northern Seashores hospital:
We’ve reversed one of many worst selections of any NSW authorities, the place a personal hospital mannequin was foisted on the individuals of the Northern Seashores.
Our state’s acute hospital companies that present life-saving care to the individuals of New South Wales shouldn’t be privatised and due to this determination, no hospital in NSW will probably be.
Due to Elouise and Danny [Massa]’s braveness and persistence, Joe’s Regulation now ensures that no future authorities can repeat the errors that led to the Northern Seashores hospital privatisation. Their advocacy will go away a long-lasting legacy for each affected person and each household who depends on our public well being system.
The federal government continues to be to work out the way it will take care of personal companies on the hospital, which clinicians say are an necessary a part of the service for these with personal well being cowl.
The federal government has mentioned that each one employees will probably be provided employment with NSW Well being.
Northern Seashores hospital. {Photograph}: Dan Himbrechts/AAPShare
Up to date at 18.12 EDT
Trump informed Kevin Rudd ‘all is forgiven’ after White Home assembly
Josh Butler
Half an hour after a remarkably drama-free and heat assembly between Donald Trump and Anthony Albanese, the Australian ambassador to the US, Kevin Rudd, was heard apologising to the president, leaning over the desk to express regret to the person he referred to as a “village fool” 4 years in the past.
Trump, in line with Australian sources within the room, informed Rudd “all is forgiven” after the media filed out.
Learn extra right here:
Australia’s ambassador to america, Kevin Rudd, leaves after the assembly on the White Home. {Photograph}: Lukas Coch/AAPShare
Up to date at 17.53 EDT
Sussan Ley says Rudd’s place not ‘tenable’ after White Home assembly
The opposition chief, Sussan Ley, has used a number of media appearances this morning to say Kevin Rudd ought to not be the Australian ambassador to the US.
She informed ABC Information this morning Trump’s remarks in the direction of Rudd had been the “elephant within the room”:
To be rebuked by the president, who didn’t even appear to know the ambassador [from] Australia, after which have your personal prime minister laughing alongside, was a bit unlucky, and I don’t assume the ambassador’s place is tenable now.
She additionally informed Sky Information:
When the ambassador is the punchline of the joke and the prime minister is definitely laughing at him, I believe that tells us all we have to know – it’s most likely not affordable that he continues within the position.
Sussan Ley. {Photograph}: Dan Himbrechts/AAP
Ley mentioned she wouldn’t name the assembly a hit, pointing to an absence in motion in tariffs:
I don’t know that the work has been carried out to safe, as I mentioned, that dedication to a tariff deal that we actually wish to see on this nation … there are loads of points within the relationship. And perhaps the crucial minerals deal might have been leveraged to get these commitments round tariffs. It doesn’t seem that occurred both.
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Up to date at 18.14 EDT
