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That's very odd.. What percentage of the company now belongs to Australia?
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
High energy costs, meanwhile my solar feed-in rate is at 1c/kW.
if smelters only ran 8-3pm they’d be golden
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 ore on one side of the country and the coking coal on the other, just need a railway between the two and make our own steel but no...
Another example, look at cars, throw money at it until they say fuck it, then it collapses. What was the strategy there, aside from pork barelling ? Why not use that money to move the nation away from Cars ? We have zero stategic oil reseves anyway. We're 2 weeks away from complete fucking disaster.
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 vertically 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 and 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