Manufacturing revenue figures are continuing to grow, according to Australian Bureau of Statistics figures, outperforming a 13-industry aggregate for the month of July. The Australian Bureau of Statistics’ Monthly Business Turnover Indicator found an increase of 4.2 per cent for manufacturers compared to July 2024. The industry’s rate of growth for the year to July…
A measure of turnover data published by the Australian Bureau of Statistics since 2021 has shown manufacturing outpacing all other industries for February, with a strong rise in metal products. The ABS’s experimental Monthly Business Turnover Indicator tracks 13 industries, with an aggregate rise in turnover of 0.2 per cent (in seasonally-adjusted terms) for the…
Rio Tinto boosts stake in Australia’s second-largest smelter Rio Tinto has acquired Japanese conglomerate Mitsubishi Corporation’s interest in the Boyne Island aluminium smelter. It bought the 11.65 per cent interest in Boyne Smelters, which owns and operates the Gladstone, QLD based smelter, for an undisclosed sum. The acquisition follows Rio Tinto’s agreement to purchase shares in…