Trade minister, Simon Birmingham has reached agreement with the United Kingdom to secure Australian export trade for products should Britain depart the European Union without a comprehensive Brexit agreement. Senator Birmingham announced that current EU arrangements would continue to apply to Australian exports to the UK post-Brexit. “This will mean Australian exporters can continue to…
Canberra’s CEA Technologies and Perth’s Austal (ASX: ASB) are the first manufacturers to receive federal government loans from the Export Finance and Insurance Corporation (EFIC) to boost Australian defence exports. A loan of $90 million has been made to CEA to help build a new manufacturing plant to build its CEAFAR phased array radars in…
Australians are setting up online businesses in ever greater numbers, but only a fraction of Australian companies are selling goods offshore. A global survey by payments company, Stripe, found 66 per cent of Australian online businesses were selling offshore. This is a higher level of internationalisation than businesses in the United States, where 45 per…
Local manufacturer Impression Healthcare (ASX: IHL) has received the required licenses to allow it to make and sell medical cannabis products in Australia. The company announced today it had received licenses from the Victorian Department of Health to sell products containing four scheduled cannabinoid substances. The approvals cover cannabis, cannabidiol (CBD), tetrahydrocannabinols (THC) and dronabinol.…
Analysis by Peter Roberts It has been slow to come but the costs and disruption being wrought on world trade by the United States and China’s trade war are now clearly being felt. In a series of mutual escalations since March the US and China have imposed tit for tat tariffs on hundreds of billions…
Latrobe Magnesium (ASX: LMG) which is developing a project to produce magnesium metal in Victoria’s La Trobe Valley has extended protection for its unique technology with the granting of a patent in India. The patent, which adds to protection in Australia, the US, EU, China and Indonesia, protects the company’s 100 per cent owned electrolytic…
Analysis by Peter Roberts As we enter 2019 we are seeing a a gradual slowing of the Australian economy, with manufacturing’s contraction in the most recent month just one of the early warning signs things are off the boil. A combination of a tapering off of infrastructure spending, soft consumer confidence linked to falling real…
Additive manufacturing technology company Titomic (ASX: TTT) has inked three agreements with Chinese entities that further its development of 3D printing machines and products based on titanium metal powders. The Melbourne company released three statements to investors over Christmas that secure its supply of titanium metal powders, deepen its R&D relationships and provide a path…
Today’s inforgarphic, from Visual Capitalist, throws down the challenge to Australia for the 21st Century. Will we ride this new bull wave for metals needed in the new economy simply by digging the stuff up and shipping it out? Or will we use our natural advantages, skills and wealth as a nation to go up…
Analysis by Peter Roberts Iron ore miner Rio Tinto (ASX: RIO) has completed the deployment phase of its $900 million Pilbara AutoHaul automated heavy-haul, long distance rail network. After a build up from running its first autonomous train in July, the company has announced the system is now fully operational. The company operates more than…
