ABIX - Roy Morgan Daily News Sufl’in,a.fl  |  Tweet  |  Like  |  Forward  |   |  Roy Morgan Social Media:    Instagram    Facebook    YouTube    LinkedIn    Twitter DAILY NEWS SUMMARY key-indicators government-education-health business-retail-telco-agriculture media-marketing-arts resources-energy FINANCIAL INDICATORS Australian Stock Indices (ASX) Australian Dollar & other currencies US Stock Indices UK FTSE 100 Index Gold Price Bitcoin Price Energy Commodities (incl. Oil, Gas & Coal) Copper Price (London Metals Exchange) Iron Ore Daily (Chicago Mercantile Exchange) Dalian Commodity Exchange - click for a detailed live Iron Ore trend (Yuan) key economic indicators at Tam IRON ORE, OIL AND GOLD RISE; COPPER FALLS; ZELENSKY URGES UKRAINE'S ALLIES TO LIFT RESTRICTIONS ON STRIKES INSIDE RUSSIAN TERRITORY; FEDERAL RESERVE ONE STEP CLOSER TO RATE CUT AS US CPI FALLS; MOSCOW ANGERED BY US PLAN TO SITE LONG-RANGE MISSILES IN GERMANY Latest updates on Key Economic Indicators - Page Online : 12 July 2024 Roy Morgan Summary Australian Dollar: $0.6757 USD (up $0.0007 USD) Iron Ore Aug Spot Price (SGX): $107.25 USD (up $1.95 USD) Oil Price (WTI): $82.91 USD (up $0.50 USD) Gold Price: $2,414.41 USD (up $43.08 USD) Copper Price (CME): $4.5275 USD (down $0.0655 USD) Bitcoin: $57,568.07 USD (up 0.23% in last 24 hours) Dow Jones: 39,753.75 (up 32.39 points on yesterday's close) All changes compared to 7am yesterday. Top government-education-health WASHINGTON DECREE: TIME TO ARM UP The Australian - Page 1 & 4 : 12 July 2024 Original article by Greg Sheridan Roy Morgan Summary US Deputy Secretary of State Kurt Campbell has praised the AUKUS alliance, describing it as one of the most important strategic initiatives that has ever been undertaken by Australia, the US or the UK. He has also emphasised the long-term benefits of AUKUS to the US alliance with Australia, and expressed confidence that Congress's bipartisan support for AUKUS means that it will continue regardless of the outcome of the presidential election in November. Campbell has in turn warned of the need for Australia and its allies to ramp up expenditure on defence and military preparedness, citing concerns such as growing co-operation between China, Russia, Iran and North Korea. Top DOCUMENTS REVEAL WHY AUSTRALIA VOTED YES IN KEY UN MOTION ON PALESTINIAN MEMBERSHIP The Guardian Australia - Page Online : 12 July 2024 Original article by Daniel Hurst Roy Morgan Summary Australia's controversial decision to support a resolution to grant Palestine full membership of the United Nations continues to attract scrutiny. Documents obtained via Freedom of Information laws show that the Department of Foreign Affairs & Trade had advised the government that it believed the two options for Australia were to back the resolution or abstain from voting. The DFAT officials had also suggested that a vote in favour of the resolution could include a statement emphasising that this did not constitute formal recognition of a Palestinian state. The resolution was passed by 143 members of the United Nations' General Assembly on 10 May. [Click to view full article here] Top AUSTRALIA OFFERS $250M FOR UKRAINE The Australian Financial Review - Page 6 : 12 July 2024 Original article by Matthew Cranston Roy Morgan Summary The value of Australia's assistance to Ukraine since it was invaded by Russia has risen to over $1.3 billion, following the commitment of a $250 million package by Defence Minister Richard Marles while attending a NATO summit in Washington, with the package being Australia's largest since the invasion began. Australia's commitment comes just days after Russia launched its biggest attack on Kyiv in almost four months, while US President Joe Biden pledged this week to provide Ukraine with five new strategic air defence systems. Marles said he hopes the package "will make an enormous contribution" to Ukraine's efforts to end the conflict "on its terms". Top SCRAMBLE TO CANCEL VISAS 'A LEGAL RISK' The Australian - Page 4 : 12 July 2024 Original article by Rhiannon Down, Paul Garvey Roy Morgan Summary Two non-citizens are taking action in the Federal Court over the rushed intervention by Immigration Minister Andrew Giles that saw him cancel the visas of foreign criminals in the aftermath of the Direction 99 fiasco. The two that have taken action are an Indonesian woman who was sentenced for dealing with the proceeds of crime and a New Zealand man who was convicted of aggravated armed robbery. Greg Barns from the Australian Lawyers Alliance says that winning an appeal to a ministerial decision to cancel a visa is not easy, in that what is known as jurisdictional error has to be proven. Top CHINESE STUDENTS OUTNUMBER OTHERS IN ASYLUM CLAIMS SURGE The Sydney Morning Herald - Page Online : 12 July 2024 Original article by Angus Thompson Roy Morgan Summary Figures from the Department of Home Affairs reveal that 3,555 Chinese students applied for asylum in the five years to June, compared to 1,788 Malaysian students and 1,112 Indian students. The release of the figures comes at a time when visa holders claiming protection are increasing following a Labor crackdown on international education, and while visas for Chinese students are being approved at much higher rates than other source countries. Former Department of Education deputy secretary Abul Rizi has queried why visa approval rates for Chinese students are so high, given that they are the nationality making the most protection claims. Top AUSSIE MADE LOGO A 'NO-GO' FOR LABOR: LEY The Australian - Page 3 : 12 July 2024 Original article by Sarah Ison Roy Morgan Summary The federal government has been criticised for using the 'Australian Made' logo to promote its Future Made in Australia policy. The well-known logo is a registered trademark that is owned by the non-profit Australian Made Campaign Limited, and can only be used on registered products that meet specific criteria in consumer law. A spokesman for ACML says it has engaged with the government regarding the issue. Acting Opposition leader Sussan Ley has accused the government of "ripping off" the logo in an attempt to sell its failed budget and its flailing industry policies. Top UNIONS SLAM UAE TRADE DEAL OVER NATION'S ABUSE OF WORKERS The Australian - Page 4 : 12 July 2024 Original article by Jack Quail Roy Morgan Summary Trade Minister Don Farrell recently stated that he hopes a trade deal with the United Arab Emirates can be finalised by October. However, ACTU secretary Sally McManus has urged the federal government to abandon the proposed Australia-UAE Comprehensive Economic Partnership Agreement. The peak union body has joined forces with religious, climate, human rights and social service groups in writing a letter to Farrell expressing concern about the deal, citing factors such as the UAE's poor record on human rights and workers' rights. Two-way trade between Australia and the UAE totalled about $9.3bn in 2022. Top NEW ADVOCACY GROUP AIMS TO MAKE MELBOURNE A MORE LIVEABLE CITY Herald Sun - Page Online : 12 July 2024 Original article by Matt Johnston Roy Morgan Summary The Committee for Melbourne and the Melbourne Chamber of Commerce have revealed plans to merge. Committee for Melbourne chairman Scott Tanner says they have similar values and aims; he adds that the merged entity will ensure that the interests of all members continue to be represented. The new group will retain the Committee for Melbourne name, although it will become part of the Victorian Chamber of Commerce & Industry. VCCI CEO Paul Guerra says the new advocacy group will help to make Victoria "the place to do business in Australia". Top COALITION IGNITES ANOTHER ENERGY WAR The Australian - Page 5 : 12 July 2024 Original article by Greg Brown Roy Morgan Summary A consultation report from the Australian Sustainable Finance Institute has identified sectors in the "green" and "transition" categories as recommended investments as part of Australia's net-zero targets. However, gas has been named as a "phase down" sector in the report. Shadow treasurer Angus Taylor has expressed concern that excluding gas from the federal government's proposed green-ratings system - which is being developed by the ASFI - would add to cost-of-living pressures. The government's Future Gas Strategy, which was releaed in May, identified the fossil fuel as a key element of the nation's clean energy transition. Top GREEN HOT AIR BLOWS GAS OUT INTO THE COLD The Australian - Page 5 : 12 July 2024 Original article by Judith Sloan Roy Morgan Summary Treasury is putting together rules for sustainable investment, with its draft framework for the rules seeing gas in the 'phase-down/phase-out list'. Treasury's treatment of gas under its proposed rules for sustainable investment shows a complete lack of understanding of how the gas sector works, along with a lack of awareness of developments relating to gas elsewhere, including in the European Union, which has done an about face and included gas in its list of sustainable fuels. Top BAN ON CARBON CAPTURE URGED The Australian Financial Review - Page 5 : 12 July 2024 Original article by Charlie Peel Roy Morgan Summary A Senate inquiry was convened in March to consider a proposal by Glencore to store carbon dioxide waste from a coal-fired power station in the aquifers of the Great ­Artesian Basin, with its proposal meeting with strong objection from farmers, environmentalists and rural communities. The inquiry released its report on Thursday, finding that carbon capture and storage (CCS) activities are not consistent with the long-term interests of the GAB and other critical water resources, and that the states and territories should consider a legislated ban on CCS activities across the Great Artesian Basin; the inquiry also recommended that federal legislation be amended to "force consideration of similar proposals under national environmental regulations". Top 'LONG SHOT TO MARGINAL': LABOR'S SEAT FIGHTBACK The Australian - Page 5 : 12 July 2024 Original article by Sarah Elks Roy Morgan Summary Winning seats in Queensland will be crucial to the federal government's hopes of retaining office at the next election; Labor currently holds just five of the 30 federal seats in Queensland. Prime Minister Anthony Albanese has commenced a three-day visit to the state, where he will target marginal seats that are held by the Coalition. He intends to focus on issues such as cost-of-living relief and the Coalition's push to add nuclear power to the nation's energy mix. The Coalition holds eight of its 21 seats in Queensland on a margin of less than six per cent, and Labor believes that it can win these seats. Top WE HAVE A DECISIVE DECADE AHEAD: PM The Australian - Page 7 : 12 July 2024 Original article by Greg Brown Roy Morgan Summary Prime Minister Anthony Albanese has used an essay for The Australian's 60th anniversary edition to state that democracy is being undermined by the spread of misinformation, and that the most compelling argument in favour of democracy is governing with purpose and showing that governments can improve people's lives. Albanese says that Australia has a "decisive decade" ahead, with the role of government needing to evolve in order to take advantage of the transition to net-zero emissions. He says that other governments are also playing a more proactive role in supporting economic development in low-carbon sectors, but that it does not mean that the free market is being rejected. Top 'FLATTENED' SMALL BUSINESSES TIPPED TO DRAG ON GROWTH The Australian Financial Review - Page 7 : 12 July 2024 Original article by Ronald Mizen Roy Morgan Summary Impact Economics lead economist Angela Jackson contends that small business could detract from economic growth in the June quarter, due to a flattening of activity in recent months. Jackson is the developer of a small business performance indicator that uses data from cloud accounting provider MYOB from 200,000 businesses with up to 19 employees, with the indicator showing that the small business sector underperformed in May when compared to the overall economy. MYOB boss Paul Robson noted that the indicator had been in negative territory since the end of 2023, which he said was a reflection of the economic environment that small businesses are operating in. Top LABOR MATES IN LOBBYLAND: 'I JUST GET PAID MORE' The Age - Page Online : 12 July 2024 Original article by David Crowe Roy Morgan Summary There is increased concern that the use of former Labor insiders as lobbyists at the federal level with Labor now in power can see those insiders negotiate deals with more regard to private than public interest, although one unnamed lobbyist has labelled such concerns as "rubbish". However, Centre for Public Integrity chair Anthony Whealy contends that parliament is turning into a "virtual den of thieves" that offers access in exchange for money, while one Labor figure says his lobbying work is " kind of like what I used to do; I just get paid more now" Top VICTORIA WOOS CREDIT AGENCY The Australian - Page 25 : 12 July 2024 Original article by Robert Gottliebsen Roy Morgan Summary S&P's credit rating for Victoria is currently 'AA' with a stable outlook, while Moody's Investors Service has an 'Aa2' rating with a stable outlook on the debt-laden state. Victoria's Treasurer Tim Pallas will hold meetings with both credit rating agencies in New York in a bid to avert a large rating downgrade. A severe downgrade would significantly increase Victoria's interest bill; however, it would also have ramifications for the national economy and the federal government, which faces an election before its Victorian counterpart. Top DEBT-RIDDEN ALLAN GOVT SLASHES FUNDING FOR VICTORIA'S CRUMBLING ROADS Herald Sun - Page Online : 12 July 2024 Original article by Shannon Deery Roy Morgan Summary New figures show that the Victorian government spent just $37.6m on resurfacing and resealing the state's deteriorating roads in 2023-24, compared with $201.4m in the previous financial year. The declining expenditure on roads maintainence and repair is reflected in data on the quality of the state's roads. Some 61 roads in metropolitan areas and 480 in regional areas were subject to speed limit reductions as at March due to safety concerns. Danny O'Brien, the shadow minister for roads and road safety, warns that the government is creating a "maintenance time bomb"; he notes that resealing roads when issues first emerge can avoid potholes from developing in the future. Top VIC SECRECY STALLS CASH FOR RAIL LOOP The Australian Financial Review - Page 3 : 12 July 2024 Original article by Ronald Mizen Roy Morgan Summary Infrastructure Australia received an investment case for Victoria's controversial Suburban Rail Loop project in August 2022, and asked the state government for additional information a month later. However, the state government has still not handed over the information sought by Infrastructure Australia, which is the federal government's independent assessor for road and rail funding. This leaves the project's financial viability in doubt, as federal Infrastructure Minister Catherine King has said the $9.3 billion sought for the project by the state government, in addition to the $2.2 billion already committed by the federal government, would be contingent on working with Infrastructure Australia. Top CAPS ON OVERSEAS UNI STUDENTS COULD COST VICTORIAN ECONOMY $6 BILLION The Age - Page Online : 12 July 2024 Original article by Caroline Schelle Roy Morgan Summary Analysis carried out by SPP Consulting has concluded that the Victorian economy would lose $5.9 billion over three years if overseas student enrolments at the state's universities were cut by 30,000 under the federal government's plan to cap student arrivals. The analysis was commissioned by University of Melbourne and Monash University, with SPP Consulting also concluding that every international student in Victoria generates an additional $44,000 in benefits to the state on top of their university fees. Top 'EVERYTHING IS ON THE TABLE': ALLAN TO MEET POLICE, COURTS ON YOUTH CRIME The Age - Page Online : 12 July 2024 Original article by Rachel Eddie, Kieran Rooney, Annika Smethurst Roy Morgan Summary Victorian Attorney-General Jaclyn Symes has met police, court representatives and others from the legal and youth sectors this week as the state government seeks to curb teenage crime. Issues discussed included the possibility of taking a tougher stand on aggravated burglary and whether bail is revoked often enough. Premier Jacinta Allan says the meetings that Symes had were a precursor for a sit-down between her and the same group of people next week, where she says "everything is on the table". Meanwhile, Victorian Commissioner for Children and Young People Liana Buchanan has cautioned against rolling out "simplistic, populist responses that won't work". Top NO EXTENSION TO ALICE SPRINGS CURFEW, NT GOVERNMENT ANNOUNCES abc.net.au - Page Online : 12 July 2024 Original article by Jack Hislop Roy Morgan Summary The Northern Territory government has announced that the three-night curfew imposed on Alice Springs on Monday by NT Police Commissioner Michael Murphy after a series of violent incidents will not be extended, with NT Police Minister Brent Potter saying this followed a request from Murphy that it not be extended. The curfew saw children and adults barred from entering the town centre from 10pm to 6am each night, unless they had a valid reason to be there. Murphy says during the curfew that police had engaged with 159 people, with 93 directed to leave the restricted area, and that no arrests were made; he said the curfew had a noticeable effect in preventing public disorder within the CBD and that he would like to thank the Alice Springs community for working with police. [Click to view full article here] Top PROJECT 2025: THE RADICAL CONSERVATIVE AGENDA SPARKING CONCERN IN THE US The New Daily - Page Online : 12 July 2024 Original article by Sezen Bakan Roy Morgan Summary Released in 2023 by the US conservative think tank Heritage Foundation, Project 2025 has been labelled as a blueprint of action for the next Republican presidency, whose its authors believe will be Donald Trump. Project 2025 has come under fire for proposals such as replacing thousands of non-partisan federal employees with political appointees aligned with Trump's policies and dismantling the Department of Education. Trump has said on social media that he knows nothing about Project 2025 and has nothing to do with them; he said that "I disagree with some of the things they're saying and some of the things they're saying are absolutely ridiculous and abysmal". [Click to view full article here] Top business-retail-telco-agriculture ASX JUMPS AS CBA RALLIES, BUT ANZ DROPS The Australian Financial Review - Page 26 : 12 July 2024 Original article by Tom Richardson, Sarah Jones Roy Morgan Summary The Australian sharemarket posted a strong gain on Thursday, with the S&P/ASX 200 adding 0.9 per cent to close at 7,889.6 points. BHP rose 0.9 per cent to $43.56, the Commonwealth Bank was up 1.1 per cent at $129.92 and Telix Pharmaceuticals advanced 10.5 per cent to $19.39. However, the ANZ Bank shed 1.2 per cent to end the session at $29.34. Top ANZ VOWS TO TAKE ACTION ON BOND RATE RIGGING ALLEGATIONS The Australian - Page 15 & 18 : 12 July 2024 Original article by Joyce Moullakis Roy Morgan Summary The ANZ is believed to have hired law firm Herbert Smith Freehill to help it investigate allegations of rigging of government bond prices by its market unit, as well as hiring law firm Allens to investigate the unit's culture. ANZ CEO Shayne Elliott and its head of institutional banking Mark Whelan told staff in an email on Thursday that it is working with regulators to get to the bottom of the allegations, and that action will be taken against any employee who is found to have engaged in wrongdoing. Top CRUNCH TIME FOR THE APPLE INDUSTRY The Australian - Page 19 : 12 July 2024 Original article by Giuseppe Tauriello Roy Morgan Summary Based in the Adelaide Hills, apple growing business Plummers Orchards is ceasing production after more than 120 years, with fourth-generation grower Ian Plummer saying there is no money in the industry anymore. He says that the business's costs are going up all the time, but that it is basically getting the same price for apples that it did 15 or 20 years ago. He predicts that the Adelaide Hills will lose 50 per cent of apple growing in the next three to four years, while he claims that all fruit and vegetable growers are "being screwed on our prices constantly" by the supermarkets. Top SYNLAIT'S CHINA-LED RESCUE PLAN SAILS THROUGH The Australian - Page Online : 12 July 2024 Original article by Valerina Changarathil Roy Morgan Summary Shares in dairy group Synlait jumped by 43.5 per cent to close at $0.33 on Thursday after around 99.6 per cent of shareholders voted in favour of securing a $NZ130 million ($118 million) 'rescue loan' from major Chinese investor Bright Dairy. Major shareholder and supplier A2 Milk indicated its support for the proposal at the last minute, with the loan to be used to meet a debt deadline by Synlait's banks. However, despite its indication of support for the plan, A2 Milk stated it had concerns about Synlait's proposed recapitalisation plan, and that it would be engageing in discussions with Synlait in coming weeks, Top MAJOR RETAILER IN COURT OVER 'MISLEADING' STORE PROMOS The New Daily - Page Online : 12 July 2024 Roy Morgan Summary The Australian Competition and Consumer Commission has launched Federal Court action against appliance retailer The Good Guys, alleging that it breached consumer law as a result what the ACCC claims were misleading store promotions. The allegations relate to 116 promotions run by The Good Guys from July 2019 to August 2023, with the ACCC claiming it was concerned that as a result of the alleged misleading promotions, people may have purchased products from The Good Guys which they might not have done otherwise. [Click to view full article here] Top AEMO EASES FEARS ON WINTER GAS SUPPLY The Australian - Page 15 & 19 : 12 July 2024 Original article by Colin Packham Roy Morgan Summary The Australian Energy Market Operator has used a fortnightly industry conference call to give the east coast gas market hope that it is in a good position to get through a looming cold snap. It said that drawdowns from the Iona gas storage facility had stabilised, and that boosted supplies from LNG ­facilities had enabled some replenishment. AEMO did advise that ExxonMobil's Longford facility was expected to be operating at below capacity between 19 and 27 July, but that production output should be sufficient to cope with the forecast cold spell. Top DOWNER EDI PITCHES IN ON FLAILING ENERGYCONNECT CONSTRUCTION The Australian Financial Review - Page Online : 12 July 2024 Original article by Jenny Wiggins, Angela Macdonald-Smith Roy Morgan Summary Transgrid has engaged Downer EDI to help Spanish firm Elecnor with construction of the NSW section of the $2.3 billion EnergyConnect cable from South Australia, with Transgrid understood to be bringing in more contractors to replace Elecnor on parts of the work still to be completed on the NSW section. Downer was responsible for building the 206-kilometre South Australian part of the EnergyConnect project and completed it on time in December, and it sees the construction of high-voltage transmission lines as a core part of its business Top JARDEN PITCHES A NEW SERVICE FOR BIG EMITTERS The Australian Financial Review - Page 21 : 12 July 2024 Original article by Aaron Weinman Roy Morgan Summary Investment bank Jarden has launched a product called commtrade in Australia, with commtrade being a platform that facilitates the buying and selling of renewable energy certificates and carbon credits; it has been operating in New Zealand for 10 years. Millions of Australian carbon credit units were traded in 2023 and Jarden expects demand for carbon credit units to only increase, particularly from big carbon emitters that need them to offset their emissions and from renewable project developers. Top 'ABSOLUTELY INCORRECT': THE EVIDENCE IS IN ON WHALES AND OFFSHORE WIND FARMS The Age - Page Online : 12 July 2024 Original article by Caitlin Fitzsimmons Roy Morgan Summary Olaf Meynecke says claims that offshore wind farms are going to hurt whales are "absolutely incorrect", with Meynecke being a research fellow at the Coastal and Marine Research Centre at Griffith University. His comments are echoed by Benjamin Laws from the NOAA Fisheries Office of Protected Resources in the US, who says there is no evidence to suggest that any of the equipment used in support of offshore wind development could directly lead to the death of a whale. As it happens, suggestions or claims that offshore wind farms hurt whales are the result of a disinformation campaign financed by fossil fuel interests based in the United States. Top media-marketing-arts TRUST AND DISTRUST OF CHARITIES WEBINAR Market Research Update - Page Online : 12 July 2024 Original article by Roy Morgan Roy Morgan Summary Join Roy Morgan CEO Michele Levine to discover why Australians have become more distrusting than trusting, how this has impacted the charities sector, who is Australia's most trusted charitable organisation and which Australians are more likely to donate to charities. Watch the webinar on YouTube. [Click to view full article here] Top PARAMOUNT EARMARKS $3 BILLION IN CUTS Mumbrella - Page Online : 12 July 2024 Original article by Nathan Jolly Roy Morgan Summary The future of the Ten Network is uncertain after parent company Paramount Global flagged plans to reduce costs across its operations by about $3bn; Paramount aims to achieve 50 per cent of these cost savings over the next year, and it has indicated that asset sales may be on the agenda. Ten Network has declined to comment on how the cost-cutting measures will affect its operations, although sources have indicated that Ten's president Beverley McGarvey held a 'town hall' meeting last week. This was prior to the announcement that Paramount and Skydance Media will merge. [Click to view full article here] Top 'JUST GETTING STARTED': HOROSCOPES ADDED IN BID FOR MORE EYES ON SEVEN'S NEWS BULLETIN The New Daily - Page Online : 12 July 2024 Original article by Sezen Bakan Roy Morgan Summary It has been reported that Natasha Weber, known as AstroTash, will start presenting horoscopes on Seven's evening news bulletin; she is currently the resident astrologer on Seven's The Morning Show. NewsFlash Media co-founder and former Seven news director Steve Carey says including astrology in the news bulletin is a "huge risk", but new Seven West Media director of news and current affairs Anthony De Cegli claims that Seven will not be afraid to innovate. [Click to view full article here] Top 'WE'VE DEPLETED OUR RESERVES': MIFF OFFERS $10 TICKETS TO LURE BACK AUDIENCES The Age - Page Online : 12 July 2024 Original article by Karl Quinn Roy Morgan Summary Audience numbers for the Melbourne International Film Festival are yet to return to pre-Covid numbers, and the MIFF is hoping to address this by offering $10 tickets on the day for sessions that have not sold out, while it will retain the three-tickets-for-$30 pass for people under 26 that it introduced last year. MIFF CEO Damien Hodgkinson says the impact of COVID has led to it depleting its reserves, although he insists it is not at risk of collapse. The full program for the the 72nd edition of MIFF was unveiled at the Capitol theatre on Thursday, with highlights including the local premiere of Francis Ford Coppola's Megalopolis and a 4K restoration of the 'outback nightmare' Wake in Fright. Top INDEPENDENT INQUIRY INTO GREYHOUND RACING NSW CONFIRMED AFTER ANIMAL WELFARE CONDITIONS RAISED abc.net.au - Page Online : 12 July 2024 Original article by Sam Nichols Roy Morgan Summary The Greyhound Welfare Integrity Commission is to conduct an independent inquiry into the NSW greyhound racing industry, with the inquiry to be led by acting commissioner Lea Drake. Drake will have until 13 December to report her findings to NSW Gaming and Racing Minister David Harris, who said the inquiry would examine a number of complaints around Greyhound Racing NSW (GRNSW), including track safety, animal welfare and its operation. News of the inquiry comes a few days after a 'handover report' by former Greyhound Racing chief veterinary officer Alex Brittan, which included claims that some dogs were being raced at a "barbaric" intensity and that some dogs were being locked in metal cages. [Click to view full article here] Top resources-energy LOSSES FORCE BHP'S NICKEL SHUTDOWN The Australian Financial Review - Page 1 & 21 : 12 July 2024 Original article by Brad Thompson, Tom Rabe Roy Morgan Summary BHP will begin to wind down its troubled Nickel West operations from October; however, it says the 'temporary suspension' will be reviewed in early 2027, when the nickel price may have recovered. The price of nickel is currently trading at around $US16,725 per tonne, amid a global oversupply due to rising China-backed production in Indonesia. BHP executive Geraldine Slattery says the Nickel West business is not viable at present, given that it is losing about $50m each month. The closure of Nickel West's mines, smelter and refinery will affect about 3,000 jobs; BHP has 'guaranteed' about 1,600 jobs, while other workers will be redeployed or retrenched. About 400 workers will also maintain the nickel operations in readiness for a potential restart. Top HOW TRUMP PRESIDENCY COULD LIFT LITHIUM PRICES The Australian - Page 24 : 12 July 2024 Original article by David Rogers Roy Morgan Summary ANZ commodity strategists Soni Kumari and Daniel Hynes state a Trump presidency could be good news for lithium prices, with Trump planning to impose a 60 per cent tariff on all imports from China. With China making around 20 per cent of the world's refined battery-grade lithium and having nearly 70 per cent of the world's lithium refining capacity, Trump's tariffs would result in disruptions to the supply of lithium batteries and refined lithium. The ANZ noted that China's production of refined lithium "sits in the lower quartile of the cost curve", and that lithium prices would need to be high so as to stimulate an increase in production outside of China. After rising to a record high of $US85,000 in late 2022, the price of lithium carbonate tumbled to below $US12,000 as producers boosted their output; the ANZ expects prices to stabilise in the near term and to rise to US$16,000–$US18,000 by 2025. Top NEW HOPE HAS BIGGER AMBITIONS AT $1.1B MALABAR RESOURCES The Australian Financial Review - Page 19 : 12 July 2024 Original article by Tom Richardson Roy Morgan Summary New Hope Corporation increased its stake in unlisted metallurgical coal miner Malabar Resources to 19.9 per cent in February. Sources have indicated that New Hope could potentially seek to fully acquire Malabar later in 2024, with the latter estimated to be value at around $1.1bn. New Hope recently raised $300m via a convertible bond issue, and the company has indicated that it is looking at potential opportunities as part of its growth strategy. New Hope is currently focused on thermal coal, but Ray David of Blackwattle Investment Partners notes that it has expressed interest in expanding into metallurgical coal. Top WOODSIDE ENERGY SIGNS UP TAIWAN AS LONG-TERM CUSTOMER FOR LNG The Australian Financial Review - Page 17 & 21 : 12 July 2024 Original article by Angela Macdonald-Smith Roy Morgan Summary Woodside Energy has signed a deal with Taiwan's CPC Corporation to supply it with about six million tonnes of LNG over 10 years, commencing from this month, with potentially a further 8.4 million tonnes to be supplied over the following decade. The deal with CPC Corporation marks the first time that Woodside has done a deal with Taiwan, while Taiwan is already a significant customer for Australian LNG. It paid $11.6 billion for LNG from Australia in 2023, making it the third largest customer, behind only Japan and China and just ahead of South Korea. Top NICHOLAS CHEVALIER: THE ROY MORGAN COLLECTION AT THE GALLERY OF FITZROY - BY APPOINTMENT Nicholas Chevalier, recognised as the first Australian Impressionist, created a wide array of artwork consisting of Paintings, Sketches, Etchings, Wood-cut engravings and Lithographs during his career. Chevalier began his artistic life in Europe in 1848 and continued during his time in Australia from 1854-1869. Chevalier departed Australia in 1869 with the Duke of Edinburgh travelling to New Zealand, Pacific Islands, Hawaii, Japan, China and Asia before settling in Hyde Park, London in 1871 where he became the Royal Artist for Queen Victoria. Amongst the most well-known works of Chevalier works was The Marriage of the Duke of Edinburgh in St Petersburg in January 1874 - the only artistic recording of the wedding of the son of Queen Victoria - which she did not attend herself. Nicholas Chevalier, The Roy Morgan Collection, is now on display at The Gallery of Fitzroy, 87-89 Moor Street, and showcases 12 oil and watercolour paintings of Chevalier plus many original sketches and etchings published in his 1848 Bavarian Sketchbook, Melbourne Punch (1855-1861), The News Letter of Australasia (1856-1861) and The Illustrated Journal of Australasia (1858). To learn more or view the works of Nicholas Chevalier, see the review of the Chevalier Exhibition where it was displayed for a short period in the East Melbourne Library by renowned historian Geoffrey Blainey available here. Viewing by group appointment is available by calling Ryan Lowery on 0425 773 177. View Nicholas Chevalier: The Roy Morgan Collection catalogue covering Melbourne, Country Victoria, New Zealand/Pacific Islands, Egypt and Tunisia from 1855-1869 available here. Roy Morgan Collection Bushland Scene with The Angel Guardian of young girl, Nicholas Chevalier, ¢.1860. Oil on canvas, 90 x 121cm, in a Isaac Whitehead frame. You are receiving this email on [email protected] as a part of your Daily News Summary subscription. Roy Morgan offers daily news summary across a wide range of industry categories, you can manage your daily emails or, if you choose, you can at any time. Roy Morgan Daily News Summary is published by Roy Morgan Research Tonic House, 386 Flinders Lane, Melbourne, Victoria, 3000. Phone: (Australia) 1800 633 813, (Overseas) +61-3-9629-6888.