The year of the bailout: Australia’s biggest aluminium smelter next in line for taxpayers’ cash

Comments

• vas@lemmy.ml ⁨14⁩ ⁨hours⁩ ago

  That’s very odd… What percentage of the company now belongs to Australia?

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• Eyekaytee@aussie.zone ⁨15⁩ ⁨hours⁩ ago

  Clearly, high energy costs lie at the heart of the challenges facing Australia’s power-intensive heavy industries, which also face intense international competition.

  The industry minister, Tim Ayres, on Tuesday pointed to “a very tough and volatile global trading environment in aluminium”, including “over-subsidisation in some markets, tariff responses in others”.

  The west still doesn’t know how to counter China

  Reeve said the lesson was that governments should be thinking harder about how to support the long-term viability of industries considered strategically important, beyond simply showering them in cash.

  Agreed

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  • thatKamGuy@sh.itjust.works ⁨1⁩ ⁨hour⁩ ago

    High energy costs, meanwhile my solar feed-in rate is at 1c/kW.

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    • Eyekaytee@aussie.zone ⁨26⁩ ⁨minutes⁩ ago

      if smelters only ran 8-3pm they’d be golden

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  • hanrahan@piefed.social ⁨1⁩ ⁨hour⁩ ago

    Reeve said the lesson was that governments should be thinking harder about how to support the long-term viability of industries considered strategically important, beyond simply showering them in cash.

    Agreed

    Well, they havent figured it out in 100 years seems they’re unlikey to now ? Look at ths stupidity that is steel, we have the iron on one side of the country and the coking coal on the other, .just need a railway and make our own steel but no…

    Another example, look at cars, throw money at it until they say fuck it, then it collpases. What was the strategy there, aside from pork barelling ?

    What are we doing with the Al here that we produce ? I assume it’s nearly all exported anyway

    I would have some sympathy if we were supporting a verticlaly integrated industry delivering end products to Australians and overseas but is that what we’re doing ?

    Or will we just sell subsidised Al to China to make shit to sell back to us ? And then spend a gazzilion to buy submaries on the pretext of the great red Chinese threat, our biggest customer amd trading partner ?

    What a fucking mess :). Donald Horne was right back in the ‘60s, we’re a nation of fools led by idiots (paraphrasing) and nothing has changed

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