Industry News

Government intervenes to save Tomago Aluminium smelter and 1,000 jobs

Views : 138
Update time : 2025-12-16 19:20:20
More than 1,000 jobs have been secured at the Tomago Aluminium smelter, the largest in Australia, in a new agreement between the federal and NSW state governments and the plant owners.

The smelter, majority-owned by Rio Tinto, faced closure after 2028 due to surging energy costs upon the expiry of its coal power contract.

Prime Minister Anthony Albanese announced the deal, which will provide the facility with secure, clean energy and includes commitments for future investment. Albanese said that keeping the smelter open is important for national manufacturing and job security.

The full details will be finalized in the coming months.
Related News
Read More >>
Rising oil prices pressure Vietnam’s inflation control targets Rising oil prices pressure Vietnam’s inflation control targets
Mar .24.2026
Rising oil prices pressure Vietnam’s inflation control targets
South Africa raises AD duties on structural steel from China & Thailand South Africa raises AD duties on structural steel from China & Thailand
Mar .24.2026
South Africa raises AD duties on structural steel from China & Thailand
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1% Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Mar .24.2026
Rise and fall in LME aluminium: cash climbs to $3,329/t, stocks slip nearly 1%
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern
Mar .24.2026
Macro geopolitical risks have yet to subside, and aluminium prices have maintained a fluctuating pattern