Following reports this week that federal industry minister Tim Ayres and Queensland regional development minister Dale Last were to announce a bailout for Glencore’s Mount Isa Copper Smelter and Townsville Refinery, the size and structure of the support have been shared. Ayres (pictured) announced on Wednesday that the funding will amount to $600 million, split…
By Christoph Nedopil, Griffith University Australia has flourished as an export powerhouse for decades. Much of this prosperity has been driven by the nation’s natural endowment with two important raw products for producing steel the traditional way: iron ore and metallurgical coal. Worth more than A$100 billion in 2024, Australia’s iron ore shipments to China…
The federal opposition has called a rejection of a senate inquiry into the nation’s troubled metals manufacturing industry an “extraordinary move”. According to a joint statement from five MPs and senators, the government used its numbers to “arrogantly block” a motion from senators Susan McDonald and Matt Canavan on Monday, with the proposed inquiry to…
The Albanese government announced $750 million in funding to support the development of new technologies for Australia’s metals manufacturing sector, according to a joint media release on Friday. The investment aims to help metals manufacturers remain globally competitive while reducing emissions and is part of the $1.7 billion Future Made in Australia Innovation Fund announced…
Trafigura-owned Nyrstar Australia – which operates smelters at Port Pirie in South Australia and Hobart, Tasmania – released its Economic Value Report Summary for 2022 on Friday, calculating its total value to the Australian economy at $1.7 billion. The metals processor counted support for 6,400 full-time equivalent jobs and $838 million in direct spending in…
Additive manufacturing company Amaero International has said decisive action from the State of Tennessee in coordinating incentives will see the company locate its titanium powder factory — “as well as Amaero’s research & development and corporate headquarters” — in the United States. The company, which was spun out of Monash University in Melbourne, cited commitments…