Kim Beazley
Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

After a Welcome to Country from Wongutha Man Linden Brownley on the power of unity – which featured an opening song in which his mother was included on-stage – Forum Chairman Jim walker welcomed in Diggers & Dealers 2024.

Jim Walker talked up mining’s contribution to jobs and GDP the result of ancient mineral deposits spanning across WA.

Kim Beazley AC (a former politician) took to the stage following Walker’s invitation – and the discussion took, perhaps, a surprising turn.

Beazley’s speech culminated with his belief the Australian government should buy rare earth processed materials in offtake deals, the same way that China does, so we can break the Red Dragon’s downstream monopoly on REE supply, and, Asia region metals pricing.

But the former leader of the opposition spent more time talking about defence, at first. He described WA as the Australian state perhaps most vulnerable to attacking.

He also called WA the “AUKUS” state and mentioned the need for its defence – a nod of the hat to securing critical mineral resource deposits.

Beazley also pointed out to Peter Dutton sitting in the crowd right after bringing up a possible invasion (presumably from China, which he called “a capability in the region.”)

The former Governor of WA also described repeated visits from NASA during his tenure given how badly they want mining-related automation technology already at use in the Pilbara.

Kim Beazley’s speech then swapped to Africa. He implored African governments to allow Australian mining companies to operate in their countries over Chinese mining companies.

Beazley asserted that Australian mining companies operate in Africa “with decency,” and that Australian projects would export African ores to African countries for African people.

“We need to do infinitely more processing,” he also added, referencing a domestic downstream capacity – before returning to defence to underscore Australia’s need for nuclear submarines.

Also on his mind was rare earths, given they’re needed in missiles and China produces all the downstream products.

If you wanted some mining industry goss: he also described Lynas Rare Earths as being kept running by “the Japanese.” He also refused to make any comments about WA Premier Roger Cook’s uranium policy.

More From The Market Online
US and VNZ flag

Week 2 CY26, wrapped: Geopolitics here to stay & there’s money in gold detectors

What does it say about the larger world when the United States government effectively kidnaps the President of Venezuela, and, while bodacious, it’s
The Market Online Video

HotCopper Highlights for Week 2 of 2026: 4D Medical, Pilbara Minerals, SILEX & more

Greetings and welcome to HotCopper Highlights for the end of Week 2 of 2026, I’m Jon Davidson.
A HotCopper-branded graphic image which reads "The HotList Top 10: This week's most watchlisted ASX stocks" in front of an ASX chart image faded in the background.

HotList stocks: Manuka, 4DX, Adalta, and other trending companies in Week 2

Manuka Resources topped the HotCopper HotList through Week 2, though health tech developers Adalta and 4DX…
Metal detector

They say you should sell shovels in a gold rush. Codan’s got a smarter idea

Codan has notched gains just south of +20% on Friday, coming out of the blue as…