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Keith Weiner, founder and CEO of Monetary Metals, shares his outlook for gold in 2025.

While he’s been bearish in the past and doesn’t consider himself a cheerleader, Weiner believes currently a ‘buy the dips’ market for the yellow metal.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Battery Age Minerals Ltd (ASX: BM8; “Battery Age” or “the Company”) is pleased to advise of its participation at the Ignite Investment Summit being held this week in Hong Kong.

BM8’s Chief Executive Officer, Mr Nigel Broomham, will be presenting the Company’s strategy for progressing its diversified & strategic portfolio of projects in Austria, Argentina and Canada today at 11.00am AWST. Attached is the presentation that Mr Broomham will be speaking to at the conference.

Investors can register to attend the conference at: weareignite.com/contact/#investor

Battery Age CEO Nigel Broomham commented:

‘Fresh from recent field visits to Austria and Argentina, and following positive advancements across our Bleiberg, El Aguila, and Falcon Lake projects, we look forward to presenting a number of updates and meaningful insights to a fantastic group of investors and stakeholders.”

Click here for the full ASX Release

This post appeared first on investingnews.com

Here’s a quick recap of the crypto landscape for Wednesday (March 26) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$86,622.95, a 1.7 percent decrease over the past 24 hours. The day’s trading range has seen a low of US$85,862.55 and a high of US$87,812.64.

The crypto market is under pressure following an executive order from US President Donald Trump to issue “secondary tariffs” of 25 percent on countries that purchase oil from Venezuela.

Bitcoin performance, March 26, 2025.

Chart via TradingView.

Ethereum (ETH) is priced at US$2,002.36, a 3.6 percent decrease over 24 hours. The cryptocurrency reached an intraday low of US$1.985.69 and a high of US$2,058.49.

Altcoin price update

  • Solana (SOL) is currently valued at US$137.76, down 5.2 percent over the past 24 hours. SOL experienced a low of US$136.39 and a high of US$144.21 on Wednesday.
  • XRP is trading at US$2.38, reflecting a 3.3 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.36 and a high of US$2.45.
  • Sui (SUI) is priced at US$2.58, showing a 4.6 percent increase over the past 24 hours. It achieved a daily low of US$2.52 and a high of US$2.64.
  • Cardano (ADA) is trading at US$0.7285, reflecting a 2.7 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.722, with a high of US$0.7632.

Crypto news to know

GameStop’s Bitcoin bet sparks meme stock rally

GameStop (NYSE:GME) shares surged close to 20 percent on Wednesday after the company announced plans to add Bitcoin to its treasury reserve assets, mirroring Michael Saylor’s Strategy (NASDAQ:MSTR). The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen.

Speculation around the retailer’s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop’s exposure to Bitcoin could introduce more volatility to its stock.

The company, however, has been aggressive in cutting costs, doubling its fourth quarter net income to US$131.3 million despite a 30 percent revenue drop.

Microsoft declines after data center news

Shares of crypto miners and Microsoft (NASDAQ:MSFT) closed down after TD Cowen alleged that the tech conglomerate has abandoned plans for new data centers in the US and Europe.

Share prices for Bitcoin miners, including Bitfarms (NASDAQ:BITF), CleanSpark (NASDAQ:CLSK), Core Scientific (NASDAQ:CORZ), Hut 8 (NASDAQ:HUT) and Riot Platforms (NASDAQ:RIOT), dropped between 4 and 12 percent. Microsoft closed down 1.31 percent, while daily losses for the miners fell between 7 and 12 percent.

According to Bloomberg, Google (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) have picked up some of the leases Microsoft has allegedly canceled or deferred over the last six months, although neither company has confirmed. In a statement from Microsoft obtained by the publication, the company said “significant investments” have left it “well positioned to meet (its) current and increasing customer demand.”

“While we may strategically pace or adjust our infrastructure in some areas, we will continue to grow strongly in all regions,” the spokesperson said. “This allows us to invest and allocate resources to growth areas for our future.”

Ethereum’s Pectra upgrade launches on testnet

Ethereum’s Pectra upgrade launched on the Hoodi testnet on Wednesday after a series of technical issues delayed the mainnet launch, which was originally slated for sometime in March.

If the launch is successful, Pectra could hit the mainnet by April 25. The Pectra upgrade aims to improve Ethereum’s scalability, staking efficiency and developer capabilities.

USDC launches in Japan

Circle launched its stablecoin, USDC, in Japan on Wednesday. The launch was made possible through a strategic partnership with SBI Holdings (TSE:8473), a Japanese financial firm.

The launch comes after Circle and SBI received regulatory approval from Japan’s Financial Services Agency (FSA) earlier this month. The FSA’s green light paved the way for the companies to introduce USDC to the Japanese market, marking a significant step in the adoption of stablecoins in the country.

Following the regulatory approval, a launch date was announced on Monday (March 24).

At the time of this writing, USDC’s market capitalization was US$60.15 billion.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

The lithium market continued to battle headwinds during the first quarter of 2025 as residual oversupply weighed on prices, pushing them to a four year low.

Weaker-than-expected demand to start the year also added pressure to the oversupplied market, resulting in the lithium carbonate CIF North Asia price to fall below US$9,550 per metric ton, its lowest point since 2021.

Analysts have suggested the persistent downturn is the signaling of a market bottom. This theory is further supported by a projected production reduction that will help absorb market oversupply.

“Lithium market conditions — particularly during the latter part of 2024 – led to growing producer restraint, both in China and elsewhere,” wrote Fastmarkets’ head of battery raw material analytics Paul Lusty. “Australian production cuts started in January 2024 but built momentum during the year, with several miners announcing production cuts, plans to place plants on care and maintenance and the suspension of planned expansions owing to market conditions.”

The global commodities firm is forecasting a shift in market dynamics, with analysts projecting a much tighter balance ahead. Initial estimates peg 2025’s surplus at 10,000 metric tons before the market moves into a deficit position in 2026.

How are Canadian lithium stocks performing against this backdrop?

This list was created on March 25, 2025, using TradingView’s stock screener, and all data was current at that time. Only companies with market caps above C$10 million for the TSX and TSXV and above C$5 million for the CSE are included.

1. Power Metals (TSXV:PWM)

Company Profile

Year-to-date gain: 163.04 percent
Market cap: C$196.57 million
Share price: C$1.21

Exploration company Power Metals holds a portfolio of diversified assets in Ontario and Québec, Canada. The company’s flagship Case Lake project in Ontario hosts spodumene-bearing lithium-cesium-tantalum pegmatites.

In November 2024, Power Metals identified a new pegmatite zone at Case Lake through soil sampling. The samples from the zone, located north-northwest of its West Joe prospect, revealed elevated levels of cesium, tantalum, lithium and rubidium, which the company said ‘affirmed prospective drill targets’ for its winter program.

On February 10, Power Metals announced the beginning of work associated with the maiden mineral resource estimate and preliminary economic assessment for Case Lake, which it plans to release in Q1 and Q2 of 2025 respectively. Days later on February 14, the company followed that announcement by releasing the final assays from its Phase 3 drilling at Case Lake, including “exceptional cesium oxide and tantalum intercepts” from the West Joe prospect.

The company’s share price rose in the weeks following the pair of announcements to reach a Q1 high of C$1.46 on February 25.

2. NOA Lithium Brines (TSXV:NOAL)

Company Profile

Year-to-date gain: 41.18 percent
Market cap: C$46.99 million
Share price: C$0.36

NOA is a lithium exploration and development company with three projects in Argentina’s Lithium Triangle region. The company’s flagship Rio Grande project and prospective Arizaro and Salinas Grandes land packages total more than 140,000 hectares.

In late January, NOA reported its completion of 28 vertical electrical sounding geophysics tests at the Rio Grande project as part of its 2025 exploration program.

The recent testing expands on past studies and will aid NOA’s water exploration program, refining one of three identified potential water sources.

In a subsequent corporate update on February 7, NOA outlined its plans for Q1 2025, which largely focused on the advancement of the Rio Grande project through geophysical evaluation and water exploration drilling. The company also plans to review engineering proposals for preliminary economic assessment work.

The company’s share price began climbing in early February and reached a Q1 high of C$0.37 on March 13.

The high came days after a Simply Wall Street report highlighted insider buying at the company, a signal of strong internal confidence. According to the report, NOA insiders invested C$862,600 over the prior six months, with C$358,000 of that coming in a single transaction by CEO and Director Gabriel Rubacha. Additionally, they had not sold any shares in the prior 12 months.

3. Frontier Lithium (TSXV:FL)

Company Profile

Year-to-date gain: 35.56 percent
Market cap: C$141.38 million
Share price: C$0.61

Pre-production mining company Frontier Lithium aims to be a strategic and integrated supplier of premium spodumene concentrates as well as battery-grade lithium salts in North America.

The Company’s flagship PAK lithium project, which is a joint venture with Mitsubishi (TSE:8058), holds the “largest land position and resource” in a premium lithium mineral district located in the Great Lakes region of Ontario, Canada. Frontier also owns the Spark deposit, located northwest of the PAK project.

Shares of Frontier Lithium reached a Q1 high of C$0.79 on March 4. After already trending upwards through February, its share price peaked alongside news that the Government of Canada and the Ontario Government supported the company’s plans to build a critical minerals refinery in Northern Ontario.

Once complete the proposed lithium conversion facility will process lithium from PAK into around 20,000 metric tons of lithium salts per year. “This expected capacity would support the production of batteries for approximately 500,000 electric vehicles per year,” Frontier’s statement reads.

4. Q2 Metals (TSXV:QTWO)

Company Profile

Year-to-date gain: 30.77 percent
Market cap: C$144.59 million
Share price: C$1.02

Exploration firm Q2 Metals is exploring three lithium properties — Cisco, Mia and Stellar — in the Eeyou Istchee James Bay region of Québec, Canada. Its Mia project hosts the Mia trend, which spans over 10 kilometers, and its Stellar lithium property comprises 77 claims 6 kilometers north of the Mia property.

In 2024, Q2 Metals acquired the Cisco lithium property and spent much of the year exploring the area. In December, Q2 acquired a 100 percent interest in 545 additional mineral claims, tripling its land position at the Cisco lithium property. A February 12 update reported that metallurgical testing on 2024 drill core showed that the primary lithium-bearing mineral in Cisco pegmatite is spodumene.

On February 26, Q2 announced that investors exercised 12.8 million share purchase warrants at C$0.60 each, generating C$7.68 million in proceeds for the company. The warrants were issued through a private placement in February 2023.

Shares of Q2 jumped to a Q1 high price of C$1.08 on March 18. The following day, later the company released some early results from its ongoing winter drill program, which is targeting 6,000 to 8,000 meters of drilling using two diamond drill rigs. The first four holes intersected “multiple wide intercepts of spodumene pegmatite, expanding previously identified mineralization.” The longest continuous interval of spodumene mineralization is 179.6 meters.

5. Wealth Minerals (TSXV:WML)

Company Profile

Year-to-date gain: 20 percent
Market cap: C$18.47 million
Share price: C$0.06

Lithium exploration company Wealth Minerals owns three exploration-stage projects — Kuska, Pabellón and Yapuckuta— all located in Chile.

On February 3, Wealth Minerals released its first news of the year, announcing it penned a joint venture development deal with the Quechua Indigenous Community of Ollagüe for the development of the Kuska project.

Under the deal the Quechua community will hold a 5 percent free-carried interest and a board seat in the JV, ensuring community participation. The partnership may also explore additional projects in the region.

On February 6, Wealth Minerals acquired the Pabellón lithium project, consisting of a portfolio of 26 mineral exploration licenses with an area of 7,600 hectares located in Northern Chile near the Chile-Bolivia border. The project may serve as an additional source of material to Kuska.

The surface of Pabellón hosts South America’s only geothermal power plant, Cerro Pabellón, which is majority owned by electricity company ENEL (MIL:ENEL). Wealth Minerals stated it is considering installing a direct lithium extraction unit next to the plant.

The company’s share price spiked in mid-January, and touched a Q1 high of C$0.095 on January 31, February 7 and February 10.

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

For the first time in nearly 10 years, a Berkshire Hathaway employee claimed Warren Buffett’s $1 million grand prize for his company’s NCAA bracket contest.

An anonymous employee from aviation training company FlightSafety International, a subsidiary of Buffett’s Berkshire, won the annual internal bracket contest after correctly calling 31 of the 32 games in the first round of the men’s basketball tournament dubbed March Madness, according to a statement.

The 94-year-old Oracle of Omaha was finally able to give out the big prize after relaxing the rules multiple times since the competition’s inception in 2016. Originally, Buffett, a Creighton basketball fan, set out to award anyone who could perfectly predict the Sweet 16.

Then, in 2024, after the $1 million jackpot remained unclaimed, participants were given the advantage of waiving the results of the eight games among the No.1 and No. 2 seeds. Still, nobody cracked the code.

This year, the rules were changed again so anyone who picks the winners of at least 30 of the tournament’s 32 first-round games would be eligible to win the prize.

In fact, 12 Berkshire employees guessed 31 of the 32 first-round games correctly. The $1 million prize went to the person from that group that picked 29 games consecutively before a loss. That winner went on to pick 44 of the 45 games correctly.

The other 11 contestants are getting $100,000 each.

This post appeared first on NBC NEWS

Fintech lender Affirm said Tuesday that it’s reached an agreement with JPMorgan Chase to offer its buy now, pay later loan services to merchants on the bank’s payments network.

U.S. merchants who use JPMorgan to handle payments can soon add Affirm to their checkout pages, according to a release. Consumers will have access to loans ranging from 30 days to 60 months, according to Affirm.

The deal follows a similar announcement from rival Klarna last month, in which the Swedish fintech said it would be available to JPMorgan’s merchants. Affirm and Klarna are increasingly going head-to-head as the buy now, pay later field matures in the U.S.; Affirm is publicly traded and seeking to steadily grow profits, while Klarna recently filed for a U.S. IPO.

“The demand for diverse payment options, flexibility, and seamless transactions from both merchants and their customers is at an all-time high,” Michael Lozanoff, global head of merchant services at J.P. Morgan Payments, said in the release.

“By incorporating Affirm as a payment method into our Commerce Platform, we are empowering businesses to deliver the services they need and the experiences that customers increasingly expect as part of their retail journey,” he said.

Affirm said the deal was an expansion of existing banking and processing relationships with JPMorgan, the largest U.S. bank by assets. It wasn’t immediately clear when the new option would be available to merchants.

This post appeared first on NBC NEWS

The White House said Tuesday that both Ukraine and Russia have agreed to stop using force in the Black Sea – a deal in principle that the Kremlin says comes with several conditions before it can be implemented.

US officials held a series of separate meetings with Russian and Ukrainian delegations in Saudi Arabia in recent days. The White House outlined the agreements it said the US struck with Russia and Ukraine in two separate, but very similar statements on Tuesday.

Both said that the US and each of the respective countries “have agreed to ensure safe navigation, eliminate the use of force, and prevent the use of commercial vessels for military purposes in the Black Sea.”

Ukraine’s President Volodymyr Zelensky confirmed in a news conference in Kyiv that Ukraine has agreed to stop using military force in the Black Sea. However, the Kremlin’s statement added that it would only implement the deal when restrictions on its banks and food and fertilizer exports are lifted.

The sanctions were imposed after Moscow launched its unprovoked full-scale invasion of Ukraine in February 2022.

The US appeared to have offered different rewards to Kyiv and Moscow for sticking to their side of the bargain, including a promise that it would “help restore Russia’s access to the world market for agricultural and fertilizer exports, lower maritime insurance costs, and enhance access to ports and payment systems for such transactions” – a possible indication of willingness by the US to lift some of its strict economic sanctions. The details and timeline of relaxing restrictions remain unclear, as does the future of European sanctions.

Kyiv and its European allies have previously warned against lifting sanctions before a ceasefire is in place.

The two statements from the White House also said that the US and the two countries – separately – agreed to “develop measures for implementing” an agreement to ban strikes against energy facilities of Russia and Ukraine.

Zelensky seemed more optimistic about this part of the agreement, telling reporters in Kyiv that Ukraine and Russia have also agreed to pause strikes on each other’s energy infrastructure. He said that Ukraine has provided the US with a list of energy facilities it would like to be protected.

However, he also confirmed that “civilian infrastructure will not be included in the agreement.” Russia has been regularly attacking Ukrainian cities in recent weeks, killing dozens of Ukrainian civilians this month.

In the statement outlining the results of the talks with Ukraine, the White House said the US “remains committed to helping achieve the exchange of prisoners of war, the release of civilian detainees, and the return of forcibly transferred Ukrainian children.”

As the Trump administration pushes for peace in Ukraine, Russian officials have previously indicated interest in US-led proposals, accompanied by strenuous conditions. Earlier this month, after Kyiv accepted a US proposal for a 30-day ceasefire covering the entire front line, Russian President Vladimir Putin said that he “agreed with the proposal” in spirit but requested a number of concessions before signing up to it.

An agreement that Ukraine and Russia stop targeting energy infrastructure has also been marred by allegations that both sides have continued to attack energy sites.

No joint statement from US and Russia

The White House statements came after lengthy talks between the two sides on a potential ceasefire in Ukraine ended without a joint statement, despite expectations that there would be one.

The Russian state news agency Interfax quoted the first deputy chairman of the Russian Federation Council’s Defence and Security Committee, Vladimir Chizhov, as telling state TV channel Rossiya-24 that the statement was “not adopted because of Ukraine’s position.”

“The fact that they sat for 12 hours and seemed to agree on a joint statement, which however was not adopted due to Ukraine’s position, is also very characteristic and symptomatic,” Chizhov told Russia-24, according to Interfax.

Kyiv was not represented in the talks and Chizhov did not give any details on “Ukraine’s position.”

Russian and US officials had met at the Ritz-Carlton hotel in Riyadh on Monday, the same location where the US delegation met with Ukrainian officials a day earlier. Ukraine’s Defense Minister Rustem Umerov described his meeting with President Donald Trump’s envoy Keith Kellogg on Sunday as “productive and focused.”

Trump has made ending the war in Ukraine one of his priorities. He went as far as promising during his election campaign that he would achieve peace within 24 hours of being in office.

Instead of a full truce, the White House statements on Tuesday outline an agreement to stop using force in the sea, similar to the Black Sea grain initiative that was in place earlier in the war.

Brokered by the United Nations and Turkey, the deal allowed Ukraine to export grain by sea, with ships bypassing a Russian blockade of the country’s Black Sea ports and navigating safe passage through the waterway to Turkey’s Bosphorus Strait in order to reach global markets. Ukraine was one of the world’s leading grain exporters before Russia’s full-scale invasion.

The initiative was signed in July 2022 and renewed three times before Russia allowed it to lapse in July 2023, saying that its demands had not been met. Moscow had for some time complained that it had been prevented from adequately exporting its own foodstuffs under the deal.

However, Russia’s Foreign Minister Sergey Lavrov said Tuesday that Moscow was in favor of resuming the Black Sea Grain Initiative, “with certain conditions.”

Kremlin spokesperson Dmitry Peskov said Tuesday that Moscow was “analyzing” the results of the second round of talks between Russian and US officials.

He also said there were currently no plans for Trump and Putin to speak, although he added that a conversation between the two leaders could be arranged “quite quickly.”

Meanwhile, Lavrov told Russia’s Channel One that the US must “order” Zelensky to respect a new Black Sea grain deal, hinting at the belief by Moscow that the US is prepared to strong-arm Kyiv into an agreement.

Indeed, the White House has made it clear to Zelensky and his nation that US military, economic and intelligence support rests on his willingness to participate in Trump’s peace process.

This post appeared first on cnn.com

From a chain of massive barges stretching from a Chinese beach into the sea, to a powerful new design for cutting undersea cables at record depths, China’s latest maritime innovations have captured the attention of defense experts – fueling concerns about their potential role in a future invasion of Taiwan.

While these new tools may ostensibly have civilian uses, experts say they highlight China’s expanding military and technological prowess – at a time when the ruling Communist Party is ramping up pressure on Taiwan, the self-governing democracy it claims as its own and has vowed to seize by force if necessary.

China already sends fighter jets and warships near the island almost daily and stages increasingly frequent military drills to intimidate what it calls “Taiwan separatist forces.”

Meanwhile Taiwan is looking on nervously as US President Donald Trump transforms Washington’s global relationships with his mercantilist “America First” foreign policy, discarding decades-old guarantees towards Europe and pushing long-standing Asian allies and partners to pay more for US protection.

Footage of the landing barges first surfaced – then quickly vanished – on Chinese social media this month, showing three enormous vessels stationed off a sandy beach strewn with seaweed, fishing boats and a handful of scattered tourists.

The three barges stood above the water on sturdy legs and were linked by bridges to form one giant causeway that stretched from the beach to more than 800 meters from the shore.

Defense analysts J. Michael Dahm and Thomas Shugart said the barges constitute a “significant upgrade” to the amphibious assault capacity of China’s People Liberation Army (PLA). In the event of an invasion of Taiwan, they could form a relocatable pier, delivering large amounts of tanks, armored vehicles and other heavy equipment – once fire superiority has been established.

“The innovation really is the volume that they could potentially put onto a remote beach or a damaged port or an austere landing area, probably in excess of hundreds of vehicles per hour, if they chose to do that,” said Dahm, a retired US Navy intelligence officer and senior resident fellow at the Mitchell Institute for Aerospace Studies.

Shugart, a former US submariner and adjunct senior fellow at the Center for a New American Security, noted the barges add to a growing list of innovative platforms, munitions and weapon systems the Chinese military has tested in recent years.

“There’s nothing like them in the West. I have never seen anything like what we’re seeing here,” he said.

Taiwan’s defense ministry said it had assessed that the new barges were “designed with an extendable ramp to serve as a makeshift dock, enabling the rapid offloading of main battle tanks and various vehicles in support of amphibious operations.” It said it would continue to monitor the barges and assess their capabilities and operational limitations.

Meanwhile, Chinese researchers from state-affiliated institutions claimed to have developed a powerful deep-sea device: a cable cutter capable of severing heavily fortified communication and power lines at depths of up to 4,000 meters – nearly twice the depth of the world’s deepest undersea cable.

The new design, published last month in the peer-reviewed Chinese journal Mechanical Engineer and first reported by the South China Morning Post, emerges amid growing concerns over the vulnerability of Taiwan’s critical infrastructure. Recently, suspicious damage to the island’s undersea cables has fueled fears of Chinese efforts to undermine the island’s communications with the outside world.

Collin Koh, a research fellow at the S. Rajaratnam School of International Studies (RSIS) in Singapore, said cable-cutting tools are commonly used for maintenance, and a breakthrough in the ability to sever cables at record depths with great efficiency isn’t alarming in itself.

“But what is alarming here is the political context that we attach to it,” he noted, pointing to recent incidents of undersea cable damage involving Chinese vessels around Taiwan and in the Baltic Sea.

The concern is that in the event of an invasion, China could sever the undersea cables around Taiwan, sowing panic among its public and potentially disrupting the island’s military communication with the US and other partners.

But Koh pointed out that the new cable-cutting design may have existed so far only in the experimental stage. “Whether it has translated into operationalized tool for use is a big question mark,” he said.

‘Invasion’ barges

The video of the landing barges offered the first close-up look at what the Naval News reported in January as “special and unusual barges” spotted at Guangzhou Shipyard. The outlet described them as reminiscent of Britain’s Mulberry Harbors, which were built for the Allied invasion of Normandy during World War II.

While some analysts suggest the barges could serve civilian purposes such as humanitarian relief, many experts – both in and outside Taiwan – believe they were built primarily for a military purpose.

Su Tzu-yun, a director at the Institute for National Defense Security Research in Taiwan, said the barges could offer the PLA a strategic advantage by creating makeshift costal landing points – particularly if Taiwan destroys its own ports in self-defense in the event of an invasion.

“Such barges have six or eight hydro feet that can lift them out of the water to create a stable platform, and then they can create a bridge from shallow water to a deeper area,” Su said.

Shugart, the former submariner, said the barges could even potentially drop a ramp across seawalls or other obstacles onto a coastal road, allowing the PLA to send troops and equipment to shore.

He added that the barges also enhance operational speed. “We’ve seen them set up and broken down and set up again multiple times within a matter of days,” Shugart said, citing satellite images.

However, due to their size and slow speed, these vessels are highly vulnerable to enemy fire and would likely only be deployed as part of a second wave, following the initial landing forces across the Strait, which is around 80 miles wide at its narrowest point, experts say.

“Before they even think about embarking a landing force and sending troops across the (Taiwan) Strait, they would already make sure that they have seized air, information and naval dominance all the way across the strait,” Shugart said.

The barges “wouldn’t be brought forward until the environment had been made safe for them, just like in World War II D-Day, the US had complete air control and sea control before the landing forces went ashore,” he added.

Collin, the expert at RSIS in Singapore, said the barges are not designed for high intensity warfare at sea.

“They are slow, they are not so well protected on their own, and they require escorts, which must go at the same speed as those barges. And for some of the war fighting assets, speed is the essence,” he said.

Days before the video of the barges surfaced on Chinese social media, the Marine Safety Administration of Guangdong province issued a notice banning ships from entering a long, narrow body of water due to “maritime tests.” The geo-coordinates of the restricted zone matched the location of the barges confirmed by satellite imagery.

By March 21, satellite imagery from Maxar Technologies showed that the barges had moved about 15 kilometers south along the coast. The images also captured a roll-on/roll-off (RO-RO) ferry docked beside the third and largest barge, positioned farthest from shore. Days later, a Planet Labs satellite image showed another RO-RO cargo ship approaching the same barge from the opposite side.

According to Shugart, Chinese authorities may be testing the barges’ ability to interface with civilian RO-RO vessels, which could significantly boost the PLA’s sealift capabilities by enabling the rapid transfer of large numbers of wheeled and tracked vehicles.

Designed to transport large numbers of vehicles to overseas markets, RO-RO ships have proliferated globally, but especially in China in recent years to meet the surging global demand for Chinese electric vehicles. But Chinese military planners and state media have also taken note of their dual-use capabilities to support the PLA’s operations.

In a 2021 military drill, China’s state broadcaster CCTV praised RO-RO ferries for enabling “large-scale, full-unit land and sea deployment with immediate unloading and loading.” Footage aired by the broadcaster showed rows of tanks neatly lined up inside such a ferry.

“These barges can significantly improve the PLA capability to deliver logistics following an invasion,” said Dahm, the former US Navy intelligence officer.

But he noted they are only part of Chinese leader Xi Jinping’s ambition to modernize the PLA and transform it into a “world class” military.

American officials believe Xi has instructed the PLA to be ready to invade Taiwan by 2027, though they have stressed that doesn’t mean an invasion will occur in 2027.

“In the context of all of the other improvements that we’re seeing to PLA capabilities and especially to PLA infrastructure, the barges are just the shiny object that draws attention to the fact that the PLA is making these preparations to be prepared to act on Xi Jinping’s orders in the next several years, if called upon to do so,” Dahm said.

This post appeared first on cnn.com

Peruvian President Dina Boluarte has called for general elections to be held on April 12, 2026, saying she hopes the call can “put an end to a period of instability” that the country has experienced in recent years.

“We hope for the good of Peru that the 2026 elections will not only allow our citizens to exercise their right to vote but also put an end to the period of instability that has led Peru to have six presidents in recent years,” she said.

Boluarte had until next month to call the elections, according to a proposed schedule by the National Elections Board, which also stipulated that the vote be held on April 12, 2026.

The announcement comes amid a security crisis in Peru that has resulted in the declaration of a state of emergency in the Peruvian capital and the province of Callao. The declaration followed the killing of a well-known cumbia musician on March 16, which sparked protests and led the Peruvian Congress to censure Interior Minister Juan José Santivañez over his handling of the wave of insecurity.

The country has also experienced recent political crises that resulted in Peru having six presidents in the last seven years.

In 2022, Dina Boluarte became Peru’s first female president after her predecessor Pedro Castillo was arrested and impeached by lawmakers for attempting to dissolve the legislative body and install an emergency government.

Boluarte, who is widely criticized in Peru, said Tuesday she hopes the elections next year “will open a scenario of détente” for the country.

“The government I lead is committed to maintaining absolute neutrality and impartiality so that the results of this electoral process are unquestionable and fully reflect the popular will expressed at the polls,” said the president, who also assured that the electoral bodies will have the necessary resources to fulfill their functions.

Boluarte delivered the message at the Government Palace along with the heads of the country’s electoral institutions.

Last year, prosecutors opened an investigation into Boluarte over alleged illicit enrichment and failure to declare assets after local media outlet La Encerrona determined that she owned at least 14 luxury watches. Boluarte denied any wrongdoing, saying anything she owned was a result of her hard work.

In June, two human rights groups filed a complaint with the International Criminal Court accusing Boluarte and members of her government of crimes against humanity in connection with the deaths of 49 people during Peru’s weeks-long protest movement in 2022 and 2023.

Boluarte has denied any personal responsibility in the matter, while former Prime Minister Alberto Otarola said the government’s response to the protests defended Peruvians’ “right to peace and calm.”

This post appeared first on cnn.com

It’s not the full 30-day ceasefire in Ukraine that US President Donald Trump demanded – far from it. But it is a deal with both Russia and Ukraine and, therefore, a rare sign of progress.

The White House announced Tuesday that both Ukraine and Russia have agreed to a limited deal restricting military action in the Black Sea – albeit with several conditions.

The key part of the agreement seeks to ensure safe passage for commercial shipping and to stop military strikes in the Black Sea. Russia and Ukraine would essentially get back unfettered access to ports crucial for their exports of grain and other agricultural produce.

Ukraine, which has waged a devastatingly successful drone campaign against the Russian Black Sea Fleet, has made clear that any return movement of Russian naval vessels would be seen by them as a violation.

A second part of the agreement includes the US and Russia developing measures to halt strikes on Russian and Ukrainian energy facilities for a period of 30 days – yet more progress, albeit partial.

But with the Kremlin there is always a rub.

After the agreement was announced, the Kremlin revealed it would only implement it after a series of sanctions had been lifted on its financial institutions involved in agricultural trade.

This would be sanctions relief via the back door.

Among other things, this is likely to include a restoration of Russia’s access, at least in part, to the US-controlled SWIFT international payments system, from which Russia has been excluded since its full-scale invasion of Ukraine in 2022.

The Trump administration has already made breathtaking concessions to the Kremlin, taking Ukrainian NATO membership off the table and forcing Kyiv to accept territorial losses, in what remains a yet unsuccessful bid to forge peace in Ukraine.

Lifting sanctions designed to punish Moscow – which are currently causing real economic pain there – without even a short-term ceasefire commitment from the Kremlin in return, risks looking like yet another capitulation to Putin. It’s certainly one of the main things Putin wants.

Trump, who insists he remains determined to end the bloodshed in Ukraine, has found himself confronted with the complex reality of even pausing this brutal war, exploited by Putin’s tough and seasoned negotiators.

It’s worth remembering how Trump repeatedly boasted he could end the conflict in just 24 hours, later revising that to a more realistic, but still wildly ambitious, timeframe.

Now, the bar for success seems to be a short pause in the killing and, as the latest agreement has starkly underlined, even that remains elusive.

The crucial question, though, is whether this creeping ceasefire is the start of a real peace process that may develop into an actual cessation of hostilities and even a lasting peace in Ukraine.

Or will it turn out to be yet another false dawn, an agreement that leads nowhere or even, as many Ukrainians fear, toward a gradual surrender to Moscow.

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