Steve Daghlian

The Middle East conflict just putting upward pressure on cost for a number of different companies.

And just on that as well, the Middle East conflict has limited the supply of sulphur.

So that's a critical ingredient into extracting copper.

In fact, about 50%.

of global seaborne sulphur supply moves its way through the Strait of Hormuz.

So essentially no sulphur means very little copper production or at least a potential shortage of supply.

So that also has been potentially a bit of a driver.

Looking at one of the losers of the day today, it's actually Life360.

It's down around 11%.

The location tracking app released its first quarter results today.

Record quarterly numbers.

It upgraded its guidance for the year as well.

It said it also made around 20 million US dollars in advertising revenue just over the quarter.

What perhaps did not please investors was the number of monthly active users globally.

So about 97.8 million monthly active users, which sounds like a lot, but it's up around 17% year on year.

It did flag though that there's been a temporary technical issue, which has weighed on growth and that may be holding back the stock a bit.

A reminder that Droneshield last year was one of the best performers on our market.

It rose by 300%.

So it is coming off strong gains in 2025.

And prior to that, this year, things have been a bit more sluggish, though.