Break it Down: MTM and Meteoric sign MoU for rare earths processing
MTM Critical Mealsmetemet has signed a MoU with Meteoric Resources to work on downstream rare earth processing solutions.
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Public transport fares are set to increase on public transport in Sydney
Public transport users in Sydney will soon fork out more for their trips as Opal fares are set to increase. From July 14 most fares will be adjusted in line with the annual consumer price index movement. This means an average increase of 2.5 per cent across Opal fares and single trip tickets. Adult customers will have a new daily travel cap of $19.30 between Monday and Thursday, and $9.65 between Friday and Sunday, and on public holidays. That is an increase of 60c on weekday travel and 30c on weekends. The cap for children and concession card holders will jump to a daily weekday cap of $9.65, while the weekend and public holiday cap will hop up to $4.80. That increase is 30c on weekdays and 15c on weekends. Airport travellers will also face an increase, with the station access fee increasing from $17.34 to $17.92 for adults — a 58c increase — and from $15.50 to $16.03 for kids, seniors and concession card holders — a 53c increase. The weekly airport travel cap of $35.16 for adults and $31.51 for kids and concession card holders will increase to$36.36 and $32.58 respectively. Weekly travel caps on the network will remained capped at $50 for adults and $25 for children and concession card holders, while seniors and pensioners with a Gold Opal card will still be charged no more than $2.50 a day. Transport for NSW Secretary Josh Murray said the fare increases were necessary to help recover the cost of running the network. 'We've leveraged the discounts available to us to protect the hip pockets of those most reliant on our public transport system,' Mr Murray said. 'We've done our best to minimise the impact on passengers and the 14 July changes will see average weekly adult travel costs go up by an average of $0.50, and less than $1 for 99 per cent of passengers' Mr Murray said.
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News.com.au
3 hours ago
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Australia may boost defence budget if US asks for more ‘capability', minister says
The Albanese government could boost defence spending if the US asks for more Australian 'capability', a senior minister says. Anthony Albanese has resisted Washington's call to lift the defence budget to 3.5 per cent of GDP despite alarm bells over China's military build-up. The Prime Minister has held firm that Australia would first determine its defence needs and then fund them. But all NATO members bar Spain agreed to increase defence spending to 5 per cent of GDP this week, highlighting Australia as an on outlier in the West. Home Affairs Minister Tony Burke hinted on Sunday that could change. 'We make decisions on behalf of Australia and on behalf of Australia's national interest,' Mr Burke told Sky News. 'We have mature, decent, respectful conversations with the United States. 'But as I say, the conversation doesn't start with the dollars at our end – it starts with the capability. 'It is true … now that the world is a less stable place than it was, that means the conversations you're having now about capability are different to what you would have had.' Pressed on whether a US request for more capability rather than a flat GDP figure would free up the funds, Mr Burke said it might but that the Albanese government would 'look at it from the perspective of if Australia requires more capability'. 'We look at what capability's required, and that so far has meant, over time, we've been spending more money on defence than happened before Labor came to government.' US Defence Secretary Pete Hegseth directly called on Australia to set the 3.5 per cent target in a meeting with Deputy Prime Minister Richard Marles earlier this month. It ignited a major debate in Canberra and fuelled criticisms that Australia is ill-prepared to defend itself against an increasingly aggressive China. While the Albanese government has committed record cash for the defence budget, much of it will not kick in until after 2029. With Australia itself predicting a major global conflict by 2034 and some analysts warning of a US-China conflict before 2030, critics have argued the money is not flowing fast enough and instead tied up in longer-term projects at the cost of combat-readiness. Mr Albanese's resistance to Washington's call has also fuelled worries he has mismanaged the relationship with the US. Appearing on Sky after Mr Burke, opposition defence spokesman Angus Taylor repeated the Coalition's demand for a 3 per cent target. He said Mr Albanese 'is right' not to base Australia's defence spending on a figure set by another country, but accused the government of not funding the needs set by its landmark defence strategic review. 'It should be based on need, but its own defence strategic review, has laid out where the money needs to be spent and it's not being spent,' Mr Taylor said. 'I mean, this is the point. This government's not even meeting its own goals.' He added that 'recruitment numbers … are way below where they need to be' and that Australia's 'naval surface fleet is not where it needs to be'.
