Queensland researchers develop prototype biosensor for detecting rare earth elements
Queensland researchers have developed a prototype biosensor capable of detecting rare earth elements, addressing the growing demand for these materials which are used in electronics and batteries. The innovative technology, which uses engineered proteins, presents opportunities for biotechnological applications and industry partnerships. Future work aims to enhance the specificity of the biosensor and explore its potential in extracting rare earth minerals from ocean water.
Critical Minerals Group secures $2.7 million grant to develop vanadium electrolyte value chain
Critical Mineral Group has received a $2.7 million grant from the Australian Government to develop a domestic vanadium electrolyte value chain in Logan, Queensland. This initiative includes the commissioning of a new facility and aims to enhance CMG's position in the critical minerals industry. The project is set to contribute to advancements in Long Duration Energy Storage, reflecting a commitment to sustainability and innovation.
NewPeak Metals announces acquisition of Allaru Vanadium Project in Queensland
NewPeak Metals Ltd. has announced the acquisition of the Allaru Vanadium Project in Queensland through a $5 million share deal. This move marks a significant step into the critical minerals sector, aligning with their future development plans. The company is also raising capital to fund these initiatives while managing exploration efforts across various international projects.
Advancements in sustainable biohydrogen production through fermentation and nanotechnology
Biohydrogen production through biological processes, particularly fermentation, is gaining traction as a sustainable alternative to traditional methods. Recent research highlights the efficiency of dark fermentation and the use of agricultural waste as feedstock, enhancing both waste management and renewable energy generation. The incorporation of nanotechnology is also being explored to improve production efficiency and reduce costs, indicating a promising future for biohydrogen in the energy market.
India removes import duties on 12 critical minerals
The Indian Government has removed import duties on 12 critical minerals and exemptions on customs duties for 25 minerals. This initiative aims to enhance the processing and refining of these resources, supporting strategic sectors. The budget is poised to positively impact investment opportunities and trade relations, particularly with countries reliant on these minerals.
Challenges and opportunities arise amid US policies
The challenges and opportunities in Australia-China relations amid geopolitical tensions have become apparent under the influence of new US policies. The risks to Australian exports particularly in commodities and education have been highlighted although there is potential growth in renewable energy and agriculture. Overall, a cautious outlook on Australia's economic future is essential in these complex dynamics.
China's exports surge despite US tensions
The return of trade tensions between the US and China under the Trump administration, highlights China's growing importance in global trade 70% of economies now trade more with China than the US. as 70% of economies now trade more with China than the US. Despite previous tariff hikes, China's exports have surged post-pandemic, indicating a robust trading network, although its trade relationships remain unbalanced.
Trump calls on Ukraine for rare earth minerals
US President Donald J. Trump has stated that he wants Ukraine to supply the US with rare earth minerals as compensation ($500 Billion) for US financial aid in its war against Russia (Trump says Ukraine is open to the idea). Rare earth minerals are vital for defense and technology, but Ukraine is not a top producer, and the U.S. has untapped reserves. Currently, China dominates global supply.
Oceania's geopolitical competition grows in prominence
Oceania’s rising prominence in global politics, once centered on climate change concerns, is now increasingly defined by geopolitical competition, particularly between China and Australia. As the race for influence intensifies, investing in infrastructure and education across Pacific Island nations has become essential. Australia’s efforts to promote regional stability and cooperation through initiatives such as the Australia Pacific Training Coalition demonstrate a proactive approach to supporting Oceania’s future.
Australia reviews free trade agreements in Southeast Asia
Australia is reviewing its free trade agreements in Southeast Asia to enhance trade and investment opportunities. The region is expected to become the world's fourth-largest economy by 2040, prompting a comprehensive review process. A grant program has been initiated to support research identifying future priorities in trade. Public submissions for the review are open until December 2025.
Trump imposes 10% tariffs on China, 25% on steel and aluminium imports
- On 31 January, Trump announced a 25% tariff on imports from Canada (10% on energy) and Mexico, 10% on China.
- Canada and Mexico responded with retaliatory tariffs (Canada 25%, Mexico 5% to 20% on select imports)
- On 3 February, tariffs on Canada and Mexico were paused for 30 days after the US secured concessions around fentanyl trafficking, and border security (some previously announced e.g., Canada’s $1.3bn border plan).
- China retaliated by imposing a 15% tariff on coal and LNG and a 10% tariff on crude oil and some vehicles.
- On 10 February, Trump announced a 25% tariff on steel and aluminium.
- Prime Minister Anthony Albanese has spoken with Trump and says an exemption is ‘under consideration’.
- Findings from 23 reviews into international commerce and trade set to be delivered to the President on 1 April.
- Broader geopolitical moves underway to secure critical minerals and favourable trade deals.
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