Original article by Brad Thompson
The Australian Financial Review – Page: 17 : 10-Jul-20
The future of Rio Tinto’s loss-making aluminium smelters in Australia is again under scrutiny following the announcement that its Tiwai Point smelter in New Zealand will be shut down. Rio Tinto CEO Jean-Sebastien Jacques indicated in 2019 that the fate of the smelters in New South Wales, Queensland and Tasmania is uncertain. The Australian Aluminium Council has warned that smelters will not be viable unless action is taken to reduce energy costs. The future of Alcoa’s government-subsidised Portland smelter in Victoria is also in doubt.
RIO TINTO LIMITED – ASX RIO, AUSTRALIAN ALUMINIUM COUNCIL LIMITED, ALCOA OF AUSTRALIA LIMITED, ALCOA INCORPORATED