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Rep. Thomas Massie, R-Ky., a conservative fiscal hawk who refused to sign onto President Donald Trump’s ‘big, beautiful bill,’ is building an unlikely bipartisan coalition of lawmakers resisting the United States’ involvement in the conflict between Israel and Iran. 

‘This is not our war. But if it were, Congress must decide such matters according to our Constitution,’ Massie said in a social media post announcing the War Powers Resolution that he introduced with Democrat Rep. Ro Khanna of California on Tuesday. 

Massie, whom Trump threatened to primary during the House GOP megabill negotiations, invited ‘all members of Congress to cosponsor this resolution.’ By Tuesday night, the bipartisan bill had picked up 27 cosponsors, including progressive ‘Squad’ members Reps. Alexandria Ocasio-Cortez and Ilhan Omar.

Across the political aisle, Rep. Marjorie Taylor Greene, R-Ga., signaled her support, writing that Americans want an affordable cost of living, safe communities and quality education ‘not going into another foreign war.’

The bill’s original co-sponsors also include progressive Democrat Reps.Pramila Jayapal, Summer Lee, Ayanna Pressley and Rashida Tlaib, who called it unconstitutional for ‘Trump to go to war without a vote in Congress.’

The War Powers Resolution would ‘remove United States Armed Forces from unauthorized hostilities in the Islamic State of Iran’ and direct Trump to ‘terminate’ the deployment of American troops against Iran without an ‘authorized declaration of war or specific authorization for use of military forces against Iran.’

Lawmakers who oppose the United States’ joining the escalating conflict in the Middle East have sounded off on the unconstitutionality of Trump striking Iran without congressional approval. Congress has the sole power to declare war under Article I of the Constitution. 

‘The American people do not want to be dragged into another disastrous conflict in the Middle East. I’m proud to lead this bipartisan War Powers Resolution with Rep. Massie to reassert that any military action against Iran must be authorized by Congress,’ Khanna said. 

The president told reporters on Wednesday morning that he is weighing whether to sign off on military strikes against Iran’s nuclear facilities. 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do,’ Trump said. 

Trump called for Iran’s ‘UNCONDITIONAL SURRENDER!’ on Truth Social on Tuesday, and said the United States won’t strike Iran’s Supreme Leader Ayatollah Khamenei ‘at least not for now,’ but signaled America’s ‘patience is wearing thin.’ 

On the sixth consecutive night of strikes between Israel and Iran, Iran warned that the United States joining forces with Israel would mean an ‘all-out war,’ as Israel bombarded sites overnight it says would have allowed Iran to continue enriching uranium, as well as attack Israeli forces.

Israel launched preemptive strikes on Iran’s nuclear facilities and military leaders last week, which the Islamic Republic considered a ‘declaration of war’ and has since launched its own strikes against Israel. 

Thousands of American troops are based in nearby countries within range of Iran’s weapons, but Trump said on Wednesday that ‘we now have complete and total control of the skies over Iran.’

The Jewish State targeted Iran’s nuclear capabilities after months of failed negotiations in the region and heightened concern over Iran developing nuclear weapons. 

But Ali Bahreini, Iran’s ambassador to Geneva, said Iran ‘will continue to produce the enriched uranium as far as we need for peaceful purposes,’ as Israel continues to target Iran’s nuclear capabilities. 

The White House did not immediately respond to Fox News Digital’s request for comment on the bill. 

Fox News Digital’s Danielle Wallace contributed to this report. 

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Vice President JD Vance insists Director of National Intelligence Tulsi Gabbard is still an essential team member in Trump’s ‘coalition’ after President Donald Trump said he ‘didn’t care’ what she’d previously told lawmakers about Iran’s nuclear threat. 

‘DNI Gabbard is a veteran, a patriot, a loyal supporter of President Trump and a critical part of the coalition he built in 2024,’ Vance said in a statement Wednesday to Fox News Digital. 

‘She is an essential member of our team, and we’re grateful for her tireless work to keep America safe from foreign threats.’

Vance and Gabbard have both historically been outspoken leaders of the non-interventionist camp making up the Trump administration. Both historically have backeda foreign policy doctrine that supports minimal interference with other nations’ affairs. 

By comparison, other, more hawkish members of Trump’s Cabinet, like Secretary of State Marco Rubio, have historically backed military intervention in foreign conflicts. 

Vance has publicly supported Trump as the administration contemplates next steps to address Iran, though. Vance said Tuesday that while those worried about foreign intervention are right to be concerned, Trump has ‘earned some trust on this issue.’ 

‘And having seen this up close and personal, I can assure you that he is only interested in using the American military to accomplish the American people’s goals,’ Vance said in a Truth Social post Tuesday. ‘Whatever he does, that is his focus.’

Vance’s statement of support for Gabbard comes after Trump appeared to discount Gabbard’s March Senate Intelligence Committee statements, when she said she believed Iran was not actively building a nuclear weapon. 

Gabbard told lawmakers in March the intelligence community assessed that Iran was ‘not building a nuclear weapon, and Supreme Leader Khamenei has not authorized the nuclear weapons program that he suspended in 2003,’ she said. 

She did add that ‘Iran’s enriched uranium stockpile is at its highest levels and is unprecedented for a state without nuclear weapons.’

‘Iran will likely continue efforts to counter Israel and press for U.S. military withdrawal from the region by aiding, arming and helping to reconstitute its loose consortium of like-minded terrorist actors, which it refers to as its axis of resistance,’ she said during the March hearing. 

Additionally, Gabbard released a video June 10 in which she stated the world was ‘on the brink of nuclear annihilation.’ Politico reportedthat Trump told associates at the White House that Gabbard was out of line and believed the video was an attempt to prevent him from endorsing Israel attacking Iran.

Alexa Henning, Gabbard’s deputy chief of staff, said in a post on X Tuesday that Politico’s story was ‘total clickbait.’ 

Trump told reporters aboard Air Force One Monday he believed Iran was ‘very close’ to obtaining a nuclear weapon. When asked specifically about Gabbard’s March testimony, Trump stood firm in his assessment of Iran’s nuclear capabilities. 

‘I don’t care what she said,’ Trump said. ‘I think they were very close to having one.’

Still, an official with the Office of the Director of National Intelligence said in a statement to Fox News Digital Wednesday that Gabbard and the president are aligned on Iran. 

‘Just because Iran is not building a nuclear weapon right now doesn’t mean they aren’t ‘very close’ as President Trump said on Air Force One,’ the official said. ‘POTUS and DNI Gabbard’s statements are congruent.’ 

Gabbard wasn’t invited to Camp David in Maryland to convene with other military officials and Cabinet members in June. However, she was in the White House’s Situation Room Tuesday as Trump kept an eye on updates in the Middle East.  

A White House official told Fox News Digital Tuesday that Trump and Gabbard’s views and statements on the matter are consistent with one another, noting that Gabbard said in March that she believed Iran had the capability to build a nuclear weapon. 

Trump told reporters Wednesday at the White House he hadn’t decided yet whether he would engage the U.S. in strikes targeting Iran but said that the coming days or the ‘next week is going to be very big.’ 

‘Yes, I may do it. I may not do it. I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble, and they want to negotiate,’ Trump told reporters Wednesday. ‘And I said, ‘Why didn’t you negotiate with me before all this death and destruction? Why didn’t you go?’ I said to people, ‘Why didn’t you negotiate with me two weeks ago? You could have done fine. You would have had a country.’ It’s very sad to watch this.’

Fox News’ Emma Colton contributed to this report. 

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President Donald Trump appears to be downplaying talk that some of his long-loyal MAGA supporters are breaking with him over the possibility that the president will order a military strike on Iran.

This amid the nearly week-long daily trading of fire between the Islamic State and Israel, America’s top ally in the Middle East.

‘My supporters are more in love with me today, and I’m more in love with them, more than they even were at election time,’ the president said when asked about a GOP rift between some of his most vocal supporters of his America First agenda, and more traditional national security conservatives.

The president, speaking to reporters on Wednesday on the South Lawn of the White House, added: ‘I may have some people that are a little bit unhappy now, but I have some people that are very happy, and I have people outside of the base that can’t believe that this is happening. They’re so happy.’

Asked if he would order an attack on Iran to prevent Tehran from obtaining nuclear weapons, the president said, ‘I may do it, I may not do it. I mean, nobody knows what I’m going to do. I can tell you this, that Iran’s got a lot of trouble.’

The prospect of Trump jumping into the incredibly volatile situation in the Middle East is causing plenty of consternation among some of his top political and ideological allies, and creating divisions within MAGA – a rare moment for a movement that’s been firmly supportive of Trump since his 2016 White House campaign.

 

Some top MAGA voices over the past week have argued against any kind of U.S. military involvement with Israel against Iran, arguing it would contradict Trump’s America First policy to keep the nation out of foreign wars. And they say it would repeat the move more than two decades ago by then-President George W. Bush to attack Iraq, which Trump had long criticized on the campaign trail.

Among those speaking out have been conservative commentator Tucker Carlson and Rep. Marjorie Taylor Greene of Georgia, a top Trump House ally.

Also voicing concerns while remaining firmly supportive of the president are Charlie Kirk — the conservative host and MAGA-world figurehead who leads the influential Turning Point USA — and Steve Bannon, a prominent MAGA ally and former top adviser to Trump’s 2016 campaign.

But there’s been plenty of support for Trump, and for attacking Iran, by other top MAGA world voices.

Also defending Trump this week was Vice President JD Vance, who is a top voice in the America First, isolationist wing of the party.

Vance, speaking to both sides, highlighted Tuesday in a social media post that ‘people are right to be worried about foreign entanglement after the last 25 years of idiotic foreign policy.’

But Vance stressed that Trump ‘has earned some trust on this issue.’ 

And the vice president added that ‘having seen this up close and personal, I can assure you that he is only interested in using American military to accomplish the American people’s goals. Whatever he does, that is his focus.’

Trump, speaking with reporters on Wednesday afternoon, said: ‘I don’t want to get involved either, but I’ve been saying for 20 years, maybe longer, that Iran can not have a nuclear weapon.’

‘My supporters are for me. My supporters are America First and Make America Great Again. My supporters don’t want to see Iran have a nuclear weapon,’ the president added.

The current debate within the Republican Party wouldn’t have happened before Trump shook up and remade the GOP over the past decade.

Wayne Lesperance, a veteran political scientist and the president of New England College, highlighted that ‘the divide in the GOP can be traced to Trump’s promises to pull America back from its entanglements in the world.’

And Matthew Bartlett, a Republican strategist who served at the State Department during Trump’s first term, noted that ‘Donald Trump changed the direction of the Republican Party’ when it comes to American military engagements around the world. 

‘That gave him a new coalition and new political power. This new war in the Middle East is certainly threatening that coalition. While we are not yet involved in a war, chances of escalation are dramatically increased and that certainly has ramifications with the MAGA coalition,’ Bartlett warned.

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Lawmakers are debating what role Congress should play as the White House weighs its options in Iran. 

Does the legislative body have sole power to declare war, or should that power be ceded to the president?

The back and forth comes as President Donald Trump mulls whether to join Israel in its campaign against Iran or continue pushing for a diplomatic end and return to the negotiating table to hammer out a nuclear deal with the Islamic Republic.

Helping to ignite the arguments on Capitol Hill are a pair of resolutions in the Senate and House that would require debate and a vote before any force is used against Iran. The measures are designed to put a check on Trump’s power and reaffirm Congress’ constitutional authority.

Senators on both sides of the aisle are divided on whether they believe they have sole authority to authorize a strike against Iran or if Trump can do so on his own volition. A predominant argument is that the entire point of supporting Israel is to prevent the Islamic Republic from creating or acquiring a nuclear weapon.

Israel has been successful in taking out a few pieces of infrastructure that were key to that mission but has yet to do real damage to the highly-fortified Fordow Fuel Enrichment Plant and would likely need help from the U.S. to crack through the layers of rock shielding the site.

‘The Constitution says the prerogative to declare war, the power to declare war, is solely from the Congress,’ Sen. Rand Paul, R-Ky, told Fox News Digital. ‘It can’t originate from the White House. There is no constitutional authority for the president to bomb anyone without asking permission first.’

The Constitution divides war powers between Congress and the White House, giving lawmakers the sole power to declare war, while the president acts as the commander in chief directing the military.

Then came the War Powers Act of 1973, which sought to further define those roles and ensure that the president has to give Congress notice within 48 hours of the deployment of troops who can only be deployed for 60 days. Notably, Congress has not formally declared war since World War II.

‘There’s really no argument for why he couldn’t obey the Constitution,’ Paul said. ‘Now, my hope is that he won’t do it, his instincts for restraint would prevail.’

Fox News reached out to the White House for comment.

Sen. John Kennedy, R-La., disagreed with Paul and said he believed Trump had the ability to authorize a strike but acknowledged it was ‘mixed’ and ‘clouded’ when factoring in the War Powers Act.

‘It’s clear that both Congress and the president have a role to play,’ he said. ‘But if you’re suggesting, should the president come to Congress first making that decision, it’s conditioned upon what year you want Congress to make a decision. Sometimes it takes us months, even years, to get nothing done.’

Senate Majority Leader John Thune, R-S.D., told reporters he believed Trump was ‘perfectly in his right to do what he’s done so far’ and reiterated that the ultimate goal was to prevent Iran from having a nuclear weapon.

Senate Republicans have found an unlikely ally among Democrats in Sen. John Fetterman, D-Pa., who has vehemently advocated for Israel while his party has wavered.

Fetterman told Fox News Digital he did not believe a strike on Iran was ‘starting a war,’ echoing Thune’s sentiment that ‘we have a very specific mission to destroy the nuclear facilities. That’s not a war. That is a necessary military … exercise to destroy a nuclear facility.’

And Sen. Ron Johnson, R-Wis., told Fox News Digital ‘it’s never been ruled’ whether the War Powers Act was constitutional, but he noted that the act still gave the president the authority to act as commander in chief.

‘I think it’s pretty much an irrelevant point if President Trump decides to aid Israel with some military action with those bunker-busting bombs,’ Johnson said. ‘It’s well within the timeframe of him coming under some kind of congressional action.’

Still, Sen. Tim Kaine, D-Va., who introduced his war powers resolution Monday, believed the measure was gaining momentum among his colleagues.

Kaine told Fox News Digital that, as events have developed, it made the ‘urgency’ of his resolution more apparent. He also expected it would get a vote in the Senate sometime next week. He argued that some Republicans would ‘very much want to be in the middle of hostilities with Iran.’

‘But the interesting thing is, they’ve never introduced a war authorization because their constituents would say, ‘Are you nuts?’’ he said. ‘And, so, they would like the president to do it, but they wouldn’t want to do it themselves.’

When asked if that was a move to shift blame elsewhere, Kaine said, ‘They think it will, but it won’t.’ 

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A Senate fiscal hawk doesn’t believe Republicans can hit their own self-imposed timeline to pass President Donald Trump’s ‘big, beautiful bill.’

Senate Republicans are racing against the clock to finish work on their version of the president’s colossal bill after the House GOP advanced its offering late last month. 

So far, each of the 10 Senate committees has unveiled a portion of the bill and are fine-tuning each chunk to conform with Senate rules and address concerns among varying factions in the conference.

Republican leaders are gunning to put the package on the floor next week, ahead of a scheduled recess for Independence Day, but Sen. Ron Johnson, R-Wis., believes there is enough resistance against the bill to torpedo that timeline.  

‘I think we have enough people that are saying, ‘No, we’re not going to proceed to the bill prior to July 4.’’ he said. ‘We need more time, but I think our efforts now are concentrated.’

Johnson has long been pushing for far deeper cuts in the package, far beyond the goal of $1.5 trillion set in the House’s offering and the pursuit of $2 trillion in cuts in the Senate’s package to begin putting a major dent in the nation’s deficit.

The lawmaker’s remarks came during a press call where he debuted his 31-page report on the GOP’s quest to ram the president’s agenda through Congress. 

The report offered a variety of scenarios of the deficit and growth impacts the Republicans’ plan could have based on varying levels of compound annual growth rates that varied from over 2%, 3% and 4%. 

The report was meant to be a thumb in the face of the Congressional Budget Office’s findings on the bill and overall state of federal spending and deficits. But it also rejected the arguments made by Republican leaders and the White House in its pursuit of showing the reality of the nation’s fiscal health and the effect the ‘big, beautiful bill’ could have on it. 

Ron Johnson acknowledged the sentiments of House Speaker Mike Johnson, R-La., and Trump that the spending cuts achieved in the House product were unprecedented but countered that ‘we’ve faced an unprecedented level of spending increase’ since the pandemic.  

‘You can argue about the twigs and leaves on the forest floor, but I’m forcing everybody to take a step back and look at the look at the forest,’ Ron Johnson said. ‘It’s blazing, and we got to put this forest fire out.’

There are others with varying concerns, including the addition of a debt-ceiling hike and proposed changes to Medicaid, who could form a multi-faceted coalition to tank the bill.

Thune can only afford to lose three votes if he hopes to pass the bill, given that the nature of the budget reconciliation process skirts the filibuster and that Democrats have been iced out of the process thus far.

Ron Johnson noted that he hoped Senate Majority Leader John Thune, R-S.D., wouldn’t put the full bill on the floor next week because ‘I really think it’ll be voted down.’

‘If we do vote it down, I don’t want anybody to interpret it as a slap in the face of either Leader Thune or President Trump,’ Ron Johnson said. ‘It’s just saying, ‘Guys, we need more time. The ball has been in the Senate court for two weeks.’

Johnson has been a proponent of breaking up the megabill into two or three chunks, rather than tackling it all in ‘one fell swoop.’ However, he acknowledged there would need to be some kind of mechanism that would allow lawmakers to have ‘at least two, if not three, bites at the apple.’

‘I understand this process is to kind of jam everybody, but let’s not do what Nancy Pelosi did and say, ‘Hey, got to pass this bill to figure out what’s in it,’’ he added. ‘Let’s know fully what’s in it. Let’s do as President Trump asked. … He wants the Senate to make a better bill.’

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A new king reigns in TV land.

Streaming has officially surpassed broadcast and cable as a share of total television viewing, according to Nielsen data.

In May, streaming accounted for 44.8% of viewership, while broadcast (20.1%) and cable (24.1%) together represented 44.2% of overall people tuning in.

‘While many have expected this milestone to have occurred sooner, sporting events, news and new-season content have kept broadcast and cable TV surprisingly resilient,’ Brian Fuhrer, senior vice president at Nielsen, said in a video for Nielsen’s The Gauge monthly viewership report. ‘The trend, however, has been very consistent.’

While Netflix has boasted the most overall TV use for four years straight, YouTube has now seen four straight months of TV share increase, Nielsen said. The platform, owned by Google and its parent company, Alphabet, boasted the highest share of TV consumption among all streamers in May, with a 12.5% share. Rounding out the top five were Netflix, Disney-owned platforms including ESPN and Hulu, Amazon’s Prime Video, and the Roku Channel.

The three largest so-called free, ad-supported services, or FAST channels — Paramount’s Pluto TV, the Roku Channel and Fox’s Tubi — combined for 5.7% of total TV viewing in May, more than any individual broadcast network.

Streaming’s overall share is likely to remain neck and neck with traditional TV viewership for some time before it eventually surpasses it permanently in the near future, Nielsen said.

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Amazon CEO Andy Jassy said Tuesday that the company expects artificial intelligence ‘will reduce our total corporate workforce as we get efficiency gains’ over time.

‘We will need fewer people doing some of the jobs that are being done today, and more people do other types of jobs,’ Jassy added in a memo to Amazon’s workforce.

The CEO of the country’s second-largest retailer and employer said Amazon is using generative AI ‘in virtually every corner of the company.’

Amazon employs more than 1.5 million people worldwide, according its most recent annual report.

This year, Amazon plans to spend $100 billion to expand AI services and data centers that power them, up from $83 billion last year.

Jassy said he believes so-called ‘AI agents’ will ‘change how we all work and live.’ While ‘many of these agents have yet to be built,’ he said, ‘they’re coming, and fast.’

He continued by saying that they will ‘change the scope and speed at which we can innovate for customers.’

Amazon currently has more than a thousand AI services and applications running inside the company or in progress of being built.

Jassy’s comments Tuesday will likely invoke fears that many corporate workers have had as artificial intelligence captures the eye of efficiency-minded executives across corporate America. A recent study from Bloomberg Intelligence said that AI could replace up to 200,000 banking jobs.

Amazon CEO Andy Jassy in New York on Feb. 26.Michael Nagle / Bloomberg via Getty Images

Artificial intelligence has also been shown to be effective at coding for software programs.

Cybersecurity firm Crowdstrike eliminted 5% of its workforce in May, saying that AI was driving ‘efficiencies across both the front and back office.’

Shopify CEO Tobi Lutke said managers at the e-commerce company will be expected to prove why they ‘cannot get what they want done using AI’ before asking for more headcount.

‘Having AI alongside the journey and increasingly doing not just the consultation, but also doing the work for our merchants is a mind-blowing step function change here,’ Lutke added.

Language learning firm Duolingo also recently said that it would replace contract workers with artificial intelligence. ‘We’ll gradually stop using contractors to do work that AI can handle,’ CEO Luis von Ahn wrote in a memo to Duolingo employees in May. ‘Headcount will only be given if a team cannot automate more of their work,’ von Ahn added.

The CEO of U.K. telecom giant BT said this week that plans to cut 40,000 jobs from the company’s workforce over the next 10 years ‘did not reflect the full potential of AI.’

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The Justice Department announced Wednesday the largest-ever U.S. seizure of cryptocurrency linked to so-called “pig butchering” scams that have cost victims billions globally.

Federal prosecutors filed a civil forfeiture action targeting more than $225 million in cryptocurrency traced to a sprawling web of fraudulent investment platforms. Victims were tricked into believing they were investing in legitimate crypto ventures, only to be scammed by criminal networks often operating overseas.

“This seizure of $225.3 million in funds linked to cryptocurrency investment scams marks the largest cryptocurrency seizure in U.S. Secret Service history,” said Shawn Bradstreet, special agent in charge of the U.S. Secret Service’s San Francisco Field Office, in a statement.

Authorities said the network was connected to at least 400 suspected victims worldwide, including dozens in the U.S. Crypto fraud was responsible for more than $5.8 billion in reported losses last year, according to FBI data.

The seized funds are now subject to forfeiture proceedings aimed at eventually returning money to victims.

The U.S. Secret Service and FBI used blockchain analysis and other tools to trace the cryptocurrency back to stolen assets. The DOJ credited Tether, the world’s largest stablecoin issuer, for assisting in the operation.

According to the complaint, the funds were linked to the theft and laundering of money from victims of cryptocurrency investment fraud schemes, commonly known as confidence scams that often involve romance.

The network relied on hundreds of thousands of transactions to obscure the origin of the funds, using sophisticated blockchain maneuvers to conceal the flow of stolen assets.

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Follow along with Frank as he presents the outlook for the S&P 500, using three key charts to spot bullish breakouts, pullback zones, and MACD signals. Frank compares bearish and bullish setups using his pattern grid, analyzing which of the two is on top, and explains why he’s eyeing SMCI and AMD as potential trades. From there, he wraps the show with a look at some ETF plays.

This video originally premiered on June 17, 2025.

You can view previously recorded videos from Frank and other industry experts at this link.

Melbourne, Australia (ABN Newswire) – Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) has entered into a binding agreement to acquire the global rights to commercially exploit a patented photovoltaic (‘PV’) solar panel recycling technology known as ‘Microwave Joule Heating Technology’ (‘MJHT’ or the ‘Technology’).

Highlights

– Agreement to acquire global rights photovoltaic (PV) solar panel recycling technology

– ‘Microwave Joule Heating Technology’ (MJHT) from Macquarie University

– Utilises microwave technology to selectively heat and delaminate PV cells

– 60-78 million tonnes of waste photovoltaic (PV) modules cumulated by 2050

– Today only 15% of waste solar cells are recycled worldwide

– Most end up in land fill as valuable waste

– Hard to recycle, high temperature furnace, toxic chemicals, low recovery

– MJHT and Delamination enables selective separation of materials – higher recoveries

– To investigate further recovery of silver, silicon, gallium and indium

– Binding commitments received to raise $1.7 million via placement to existing and new sophisticated and professional investors

The rights will be secured via an exclusive licensing agreement (‘Licensing Agreement’) with Macquarie University (‘MQU’), held through an Australian-incorporated holding company, New Age Minerals Pty Ltd (‘NAM’). The key terms of the Licensing Agreement are set out in Schedule 1*. The transaction will be effected by LU7 acquiring 100% of the issued share capital of NAM (‘Proposed Transaction’).

The basis of the technology platform utilises microwave technology to selectively heat silicon thereby softening the EVA encapsulant in solar panels, enabling easy delamination and potential recovery of valuable materials at room temperature. This approach avoids the need for extreme heat (1400degC) typically required for separating materials like glass and silicon as well as the use of costly hazardous chemicals in traditional processes. Delamination enables selective separation of materials without the need for mechanical crushing, whereas traditional crushing methods often result in cross-contaminated material and lower recovery rates.

A report published by the International Energy Agency Photovoltaic Power Systems Programme1 projected that global waste PV modules will amount to 1.7-8.0 million tonnes cumulatively by 2030 and 60-78 million tonnes cumulatively by 2050. By 2035, Australia is expected to accumulate 1 million tonnes of solar panel waste worth over A$1 billion, while the global CIGS (Copper, Indium, Gallium, Selenide) solar cell market is projected to grow to US$12.23 billion by 2032.

Currently, only 15% of used PV cells are recycled, with the rest accumulating in landfills.

This low recycling rate is due to complex processes, high-temperature furnaces, toxic chemicals, and poor recovery yields. The Technology, developed by MQU, enhances the extraction of valuable metals such as silver, silicon, gallium, and indium from discarded PV panels using microwave and delaminating techniques. The breakthrough technology offers a promising new approach for enhanced recovery of valuable metals like Silver, Silicon, Gallium, and Indium. The Company plans to initiate further research and development in this area.

THE PROBLEM TODAY

The world’s renewable energy transition is moving fast, with large-scale PV solar panels playing a central role in national energy strategies. The global solar cell market is projected to hit US$39.81 billion by 2037, growing at a compound annual growth rate (CAGR) of around 8.2%.

Approximately 37% of Australian households have installed solar panels. This represents over 4 million homes and small businesses with solar power systems. The Clean Energy Council reports that 12.4% of Australia’s electricity generation in 2024 came from rooftop solar.

However, as these panels approach the end of their 25-30-year lifespan, the industry faces a growing challenge: managing solar panel waste and recovering valuable materials. A report published by International Energy Agency Photovoltaic Power Systems Programme (IEA PVPS) Task12 and the International Renewable Energy Agency (IRENA) in 2016 projected world’s waste PV modules globally to amount to 1,7-8,0 million tonnes cumulatively by 2030 and to 60-78 million tonnes cumulatively by 2050. By 2035, Australia alone is expected to accumulate 1 million tonnes of end-of-life solar panels, with a total material value of over $1 billion. By 2045, Australia could be looking at 34.6 GW of serviceable panels that will need to be recycled or repurposed, equivalent to the total installed solar capacity in the country as of August 2024.

LOW RECYCLING RATES

The global recycling rate for PV solar panels is around 15%, driven by several challenges. The recycling process is complex, requiring high temperatures and toxic chemicals, making it costly and energy intensive. Economic incentives are limited as the recovery of valuable materials like silicon does not provide sufficient financial returns. However, if recycling technologies can effectively attract and recover critical materials like silver, silicon, gallium, and indium, the financial viability of recycling improves, driving higher recycling rates.

Additionally, the lack of recycling infrastructure and the diverse materials in panels further complicate efficient separation, but advancements in technology are addressing these issues.

When waste PV cells aren’t recycled, they often end up in landfills, causing numerous environmental problems.

Panels can contain harmful materials like cadmium and lead, which may leak into the ground and water, posing risks to both ecosystems and human health. Valuable metals like silver, silicon, gallium, and indium are lost, adding to the strain on natural resources. As more solar panels reach the end of their life, landfills fill up, and the energy stored in these materials is wasted. Recycling can help solve these issues by recovering critical materials and cutting down on pollution.

POTENTIAL GROWTH OF PV RECYCLING INDUSTRY

The nascent PV solar panel recycling industry is experiencing rapid growth due to the increasing demand for critical metals such as silicon, silver, and indium, which hold substantial economic value. As the market for endof-life (EoL) solar panels expands, driven by both economic opportunities and environmental needs, the recovery of these materials is becoming a lucrative business. The market for recyclable materials from EoL solar panels is projected to reach over $2.7 billion by 2030 and could approach $80 billion by 2050, according to Rystad Energy. This growth is further fuelled by the fact that recovering materials from used panels can offset the need for costly and environmentally damaging virgin material extraction. Additionally, recycling helps secure a domestic supply of critical metals, reducing reliance on volatile foreign sources. Advancements in recycling technology, particularly in recovering high-value materials like silicon and silver, are making these processes more economically viable and environmentally necessary. Research has demonstrated that up to 98% of silver and nearly all of copper, lead, and other valuable metals can be recovered efficiently, enhancing the profitability of the recycling industry. As technology improves, the recycling of PV panels will play a crucial role in supporting the transition to a circular economy and sustainable energy future.

CRITICAL METALS IN PV CELLS

As the demand for critical minerals continues to rise with the global shift to clean energy, the need to recover valuable materials from these panels becomes increasingly urgent. Solar panels are made up of 95% recyclable materials, including silver, aluminum, silicon, copper, indium, and gallium-all of which are vital to global clean energy supply chains. Rare metals like gallium are essential for solar fuel cells, semiconductor chips, and other high-tech applications, making their recovery from e-waste a key priority.

COMMENTS: EXECUTIVE CHAIRMAN, IGGY TAN

‘Now that we have completed our lithium refinery DFS and secured all necessary components-including land and partnerships-we are positioned and ready for a lithium price recovery. We are confident in our counter-cyclical strategy and firmly believe that LU7 will benefit significantly when the lithium market rebounds. While awaiting this recovery, we have been presented with an exciting opportunity to acquire a cutting-edge photovoltaic recycling technology’.

‘I am thrilled about the acquisition of Macquarie University’s Microwave Joule Heating Technology (MJHT) and the opportunity to potentially extract critical metals such as silver from solar panel recycling.

The need for effective PV recycling has never been greater, with only 15% of panels currently being recycled. The mass accumulation of solar panel waste in landfills is a growing problem, as valuable critical metals like silver, silicon, gallium, and indium are left behind, contributing to both resource depletion and environmental harm. Microwave technology offers a promising solution to these challenges, enabling higher recovery rates and more sustainable recycling processes. We firmly believe that this technology represents the future of solar panel waste management. We are eager to collaborate with the Macquarie team to develop a more efficient and cost-effective recycling process’.

*To view the full release with tables and figures, please visit:
https://abnnewswire.net/lnk/A0938OHA

To view the Market Presentation, please visit:
https://www.abnnewswire.net/lnk/JJ10ITOI

About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe’s mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.

Source:
Lithium Universe Ltd

Contact:
Alex Hanly
Chief Executive Officer
Lithium Universe Limited
Tel: +61 448 418 725
Email: info@lithiumuniverse.com

Iggy Tan
Chairman
Lithium Universe Limited
Email: info@lithiumuniverse.com

News Provided by ABN Newswire via QuoteMedia

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