BYD Seagull could become Australia's cheapest EV after strategy switch
BYD will take over distribution of the brand in Australia from independent importer EVDirect on July 1, 2025, and now the previously ruled out Seagull is back in contention to join the local lineup.
Already produced in right-hand drive for the UK – where it will be badged as the 'Dolphin Surf' – the Seagull is slightly bigger than the Kia Picanto and the discontinued Volkswagen Up micro-cars, but smaller than the Mazda 2 light hatch
While BYD makes many of its models in both hybrid and battery-electric form, the Seagull is electric-only and uses a 55kW motor to drive the front wheels, and offers a range of up to 507km (CLTC) from its two battery sizes.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Because it's smaller than the Dolphin electric hatch – currently the cheapest EV in local showrooms at $29,990 drive-away – the Seagull would have to be even cheaper, making it a prime candidate to become the brand's new price-leader.
In January 2025, EVDirect boss Luke Todd told CarExpert the Seagull would only make sense if it had a five-star ANCAP (Australasian New Car Assessment Program) rating and was priced around $25,000 or less.
Now, with the Chinese car giant taking over local distribution – and a tech update coming in 2025 – the Seagull is back on the list for a local launch.
"There would be room under the Dolphin and the Atto 2," BYD Australia Chief Marketing Officer (CMO) Kate Hornstein told CarExpert when asked about the Seagull's chances for Australia.
That's despite the once-booming micro segment it would compete in now offering only two models – the Kia Picanto and the Fiat 500/500e – accounting for only 0.6 per cent (3130 vehicles) of total new car sales year-to-date.
By comparison, Chinese-market sales of the Seagull were a staggering 61,131 in May 2025 alone, making it the brand's best-selling single model there.
"If we look at the numbers of the micro segment, is there opportunity? Has the customer had a lot of choice?", Ms Hornstein added while speaking with CarExpert at a BYD driving event in China.
The only electric contender in the micro segment right now is the Fiat 500e priced at $52,500 before on-road costs.
The second hurdle – the lack of a five-star ANCAP safety rating – would rule the electric hatch out for many fleet and government customers, and could also turn off some private buyers.
Every BYD currently sold in Australia – from the entry-level Dolphin to the Sealion 6 PHEV and the top-selling Shark 6 dual-cab ute – has a five-star ANCAP rating.
Yet an early 2025 facelift added BYD's entry-level 'God's Eye C' system, bringing Lidar, camera and ultrasonic sensors to the Seagull and offording it with autonomous emergency braking (AEB), adaptive cruise control, blind-spot detection and even navigation-based route learning ability.
The upgrades could bring a five-star ANCAP rating within reach – yet even a potential four-star rating may not be a deterrent in such a cost-conscious segment.
The Fiat 500e has a four-star rating, while the petrol-powered Kia Picanto is currently 'Unrated' by ANCAP after its four-star safety rating from 2017 expired two years ago.
The four-star Seagull would not be an outlier and – in fact – may lead the segment courtesy of its 'God's Eye' tech.
"I think after driving it and seeing the reactions of everyone driving it in the last couple of days, I've almost been converted to see that there is an enormous amount of opportunity," Ms Hornstein said.
"The amount of people that have said first-hand they would buy this car is so exciting to me, so I think what we can take back is that excitement and try and build a case for it to come into the range."
Content originally sourced from: CarExpert.com.au
The BYD Seagull could become Australia's most affordable electric vehicle (EV) – although it may come with a four-star ANCAP safety rating – after the Chinese brand told CarExpert the pint-size hatch could make its way here.
BYD will take over distribution of the brand in Australia from independent importer EVDirect on July 1, 2025, and now the previously ruled out Seagull is back in contention to join the local lineup.
Already produced in right-hand drive for the UK – where it will be badged as the 'Dolphin Surf' – the Seagull is slightly bigger than the Kia Picanto and the discontinued Volkswagen Up micro-cars, but smaller than the Mazda 2 light hatch
While BYD makes many of its models in both hybrid and battery-electric form, the Seagull is electric-only and uses a 55kW motor to drive the front wheels, and offers a range of up to 507km (CLTC) from its two battery sizes.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Because it's smaller than the Dolphin electric hatch – currently the cheapest EV in local showrooms at $29,990 drive-away – the Seagull would have to be even cheaper, making it a prime candidate to become the brand's new price-leader.
In January 2025, EVDirect boss Luke Todd told CarExpert the Seagull would only make sense if it had a five-star ANCAP (Australasian New Car Assessment Program) rating and was priced around $25,000 or less.
Now, with the Chinese car giant taking over local distribution – and a tech update coming in 2025 – the Seagull is back on the list for a local launch.
"There would be room under the Dolphin and the Atto 2," BYD Australia Chief Marketing Officer (CMO) Kate Hornstein told CarExpert when asked about the Seagull's chances for Australia.
That's despite the once-booming micro segment it would compete in now offering only two models – the Kia Picanto and the Fiat 500/500e – accounting for only 0.6 per cent (3130 vehicles) of total new car sales year-to-date.
By comparison, Chinese-market sales of the Seagull were a staggering 61,131 in May 2025 alone, making it the brand's best-selling single model there.
"If we look at the numbers of the micro segment, is there opportunity? Has the customer had a lot of choice?", Ms Hornstein added while speaking with CarExpert at a BYD driving event in China.
The only electric contender in the micro segment right now is the Fiat 500e priced at $52,500 before on-road costs.
The second hurdle – the lack of a five-star ANCAP safety rating – would rule the electric hatch out for many fleet and government customers, and could also turn off some private buyers.
Every BYD currently sold in Australia – from the entry-level Dolphin to the Sealion 6 PHEV and the top-selling Shark 6 dual-cab ute – has a five-star ANCAP rating.
Yet an early 2025 facelift added BYD's entry-level 'God's Eye C' system, bringing Lidar, camera and ultrasonic sensors to the Seagull and offording it with autonomous emergency braking (AEB), adaptive cruise control, blind-spot detection and even navigation-based route learning ability.
The upgrades could bring a five-star ANCAP rating within reach – yet even a potential four-star rating may not be a deterrent in such a cost-conscious segment.
The Fiat 500e has a four-star rating, while the petrol-powered Kia Picanto is currently 'Unrated' by ANCAP after its four-star safety rating from 2017 expired two years ago.
The four-star Seagull would not be an outlier and – in fact – may lead the segment courtesy of its 'God's Eye' tech.
"I think after driving it and seeing the reactions of everyone driving it in the last couple of days, I've almost been converted to see that there is an enormous amount of opportunity," Ms Hornstein said.
"The amount of people that have said first-hand they would buy this car is so exciting to me, so I think what we can take back is that excitement and try and build a case for it to come into the range."
Content originally sourced from: CarExpert.com.au
The BYD Seagull could become Australia's most affordable electric vehicle (EV) – although it may come with a four-star ANCAP safety rating – after the Chinese brand told CarExpert the pint-size hatch could make its way here.
BYD will take over distribution of the brand in Australia from independent importer EVDirect on July 1, 2025, and now the previously ruled out Seagull is back in contention to join the local lineup.
Already produced in right-hand drive for the UK – where it will be badged as the 'Dolphin Surf' – the Seagull is slightly bigger than the Kia Picanto and the discontinued Volkswagen Up micro-cars, but smaller than the Mazda 2 light hatch
While BYD makes many of its models in both hybrid and battery-electric form, the Seagull is electric-only and uses a 55kW motor to drive the front wheels, and offers a range of up to 507km (CLTC) from its two battery sizes.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Because it's smaller than the Dolphin electric hatch – currently the cheapest EV in local showrooms at $29,990 drive-away – the Seagull would have to be even cheaper, making it a prime candidate to become the brand's new price-leader.
In January 2025, EVDirect boss Luke Todd told CarExpert the Seagull would only make sense if it had a five-star ANCAP (Australasian New Car Assessment Program) rating and was priced around $25,000 or less.
Now, with the Chinese car giant taking over local distribution – and a tech update coming in 2025 – the Seagull is back on the list for a local launch.
"There would be room under the Dolphin and the Atto 2," BYD Australia Chief Marketing Officer (CMO) Kate Hornstein told CarExpert when asked about the Seagull's chances for Australia.
That's despite the once-booming micro segment it would compete in now offering only two models – the Kia Picanto and the Fiat 500/500e – accounting for only 0.6 per cent (3130 vehicles) of total new car sales year-to-date.
By comparison, Chinese-market sales of the Seagull were a staggering 61,131 in May 2025 alone, making it the brand's best-selling single model there.
"If we look at the numbers of the micro segment, is there opportunity? Has the customer had a lot of choice?", Ms Hornstein added while speaking with CarExpert at a BYD driving event in China.
The only electric contender in the micro segment right now is the Fiat 500e priced at $52,500 before on-road costs.
The second hurdle – the lack of a five-star ANCAP safety rating – would rule the electric hatch out for many fleet and government customers, and could also turn off some private buyers.
Every BYD currently sold in Australia – from the entry-level Dolphin to the Sealion 6 PHEV and the top-selling Shark 6 dual-cab ute – has a five-star ANCAP rating.
Yet an early 2025 facelift added BYD's entry-level 'God's Eye C' system, bringing Lidar, camera and ultrasonic sensors to the Seagull and offording it with autonomous emergency braking (AEB), adaptive cruise control, blind-spot detection and even navigation-based route learning ability.
The upgrades could bring a five-star ANCAP rating within reach – yet even a potential four-star rating may not be a deterrent in such a cost-conscious segment.
The Fiat 500e has a four-star rating, while the petrol-powered Kia Picanto is currently 'Unrated' by ANCAP after its four-star safety rating from 2017 expired two years ago.
The four-star Seagull would not be an outlier and – in fact – may lead the segment courtesy of its 'God's Eye' tech.
"I think after driving it and seeing the reactions of everyone driving it in the last couple of days, I've almost been converted to see that there is an enormous amount of opportunity," Ms Hornstein said.
"The amount of people that have said first-hand they would buy this car is so exciting to me, so I think what we can take back is that excitement and try and build a case for it to come into the range."
Content originally sourced from: CarExpert.com.au
The BYD Seagull could become Australia's most affordable electric vehicle (EV) – although it may come with a four-star ANCAP safety rating – after the Chinese brand told CarExpert the pint-size hatch could make its way here.
BYD will take over distribution of the brand in Australia from independent importer EVDirect on July 1, 2025, and now the previously ruled out Seagull is back in contention to join the local lineup.
Already produced in right-hand drive for the UK – where it will be badged as the 'Dolphin Surf' – the Seagull is slightly bigger than the Kia Picanto and the discontinued Volkswagen Up micro-cars, but smaller than the Mazda 2 light hatch
While BYD makes many of its models in both hybrid and battery-electric form, the Seagull is electric-only and uses a 55kW motor to drive the front wheels, and offers a range of up to 507km (CLTC) from its two battery sizes.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
Because it's smaller than the Dolphin electric hatch – currently the cheapest EV in local showrooms at $29,990 drive-away – the Seagull would have to be even cheaper, making it a prime candidate to become the brand's new price-leader.
In January 2025, EVDirect boss Luke Todd told CarExpert the Seagull would only make sense if it had a five-star ANCAP (Australasian New Car Assessment Program) rating and was priced around $25,000 or less.
Now, with the Chinese car giant taking over local distribution – and a tech update coming in 2025 – the Seagull is back on the list for a local launch.
"There would be room under the Dolphin and the Atto 2," BYD Australia Chief Marketing Officer (CMO) Kate Hornstein told CarExpert when asked about the Seagull's chances for Australia.
That's despite the once-booming micro segment it would compete in now offering only two models – the Kia Picanto and the Fiat 500/500e – accounting for only 0.6 per cent (3130 vehicles) of total new car sales year-to-date.
By comparison, Chinese-market sales of the Seagull were a staggering 61,131 in May 2025 alone, making it the brand's best-selling single model there.
"If we look at the numbers of the micro segment, is there opportunity? Has the customer had a lot of choice?", Ms Hornstein added while speaking with CarExpert at a BYD driving event in China.
The only electric contender in the micro segment right now is the Fiat 500e priced at $52,500 before on-road costs.
The second hurdle – the lack of a five-star ANCAP safety rating – would rule the electric hatch out for many fleet and government customers, and could also turn off some private buyers.
Every BYD currently sold in Australia – from the entry-level Dolphin to the Sealion 6 PHEV and the top-selling Shark 6 dual-cab ute – has a five-star ANCAP rating.
Yet an early 2025 facelift added BYD's entry-level 'God's Eye C' system, bringing Lidar, camera and ultrasonic sensors to the Seagull and offording it with autonomous emergency braking (AEB), adaptive cruise control, blind-spot detection and even navigation-based route learning ability.
The upgrades could bring a five-star ANCAP rating within reach – yet even a potential four-star rating may not be a deterrent in such a cost-conscious segment.
The Fiat 500e has a four-star rating, while the petrol-powered Kia Picanto is currently 'Unrated' by ANCAP after its four-star safety rating from 2017 expired two years ago.
The four-star Seagull would not be an outlier and – in fact – may lead the segment courtesy of its 'God's Eye' tech.
"I think after driving it and seeing the reactions of everyone driving it in the last couple of days, I've almost been converted to see that there is an enormous amount of opportunity," Ms Hornstein said.
"The amount of people that have said first-hand they would buy this car is so exciting to me, so I think what we can take back is that excitement and try and build a case for it to come into the range."
Content originally sourced from: CarExpert.com.au
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The Advertiser
23 minutes ago
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The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply. The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply. The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply. The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply.
Perth Now
an hour ago
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Electric expectations as mining conference goes nuclear
The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply.
West Australian
an hour ago
- West Australian
Electric expectations as mining conference goes nuclear
The Diggers and Dealers mining forum will take on a radioactive yellow hue as uranium miners take centre stage on opening day. While goldminers dominate the speaking program of the three-day mining industry networking fest, uranium will be the focus of the curtain-raiser keynote on Monday morning. For the first time in the conference's 34-year history, the keynote will take the form of a panel discussion. Canadian physician turned nuclear evangelist Chris Keefer has been flown into the Western Australian gold-mining town of Kalgoorlie, alongside Centre for Independent Studies energy analyst Aidan Morrison and the free market think tank's executive director Tom Switzer. The panel was scheduled before the coalition's catastrophic federal election meltdown in May, when their nuclear power ambitions went up in flames. But Diggers chairman Jim Walker says the setback doesn't dim the importance of the topic. As Australia grapples with the question of how to power its energy transition, it's worth listening to an international perspective, he says. "Look, we've seen a change going from diesel-powered submarines to nuclear-powered submarines," he told AAP. "We are non-political, all right. We are definitely non-political. We just thought, from the interest we've had from miners around the place asking the question about where we're going to get our power from, let's grab hold of these people and let them give their presentation." Paul Hemburrow, chief operating officer of the ASX's largest dedicated uranium miner, Paladin Energy, will try to drum up investor interest as he follows up the keynote with the first presentation of the forum. Even without the evaporated prospect of a domestic nuclear market, it's been a tricky time for the uranium sector. Prices have slumped in 2025 after the emergence of Chinese AI disruptor DeepSeek challenged assumptions that the technology would fuel a massive increase in energy demand globally. Uranium has rebounded slightly since but Paladin faced a further setback in late July when its Langer Heinrich mine in Namibia missed its output guidance. Traders dumped shares in the Perth-based miner, which is down nearly 21 per cent since the start of 2025. Paladin has taken the title of the most shorted stock on the ASX, while second-placed Boss Energy suffered an even more brutal 40 per cent sell-off after it warned traders it would miss its projected output at its Honeymoon uranium mine in South Australia. Boss Energy chief executive Duncan Craib will be second cab off the rank to deliver a presentation at Diggers. The previous prime target for short sellers - lithium miners - will be feeling slightly more bullish as they look to revive interest in the industry at the forum. There is increasing optimism that prices for the battery ingredient may have bottomed out following a dire three-year bear market, as China looks to stamp out oversupply.
