RIO 0.03% $115.87 rio tinto limited

Half the worlds aluminium smelters will close down due to high...

  1. 12,109 Posts.
    lightbulb Created with Sketch. 1759
    Half the worlds aluminium smelters will close down due to high power costs, RIO is facing that situation in Australia too.
    As Australian smelters slide into bankruptcy due to exorbitant power prices, Russia and Asia are expanding their smelters.
    The largest Aluminium smelter in Asia, Press Metal Aluminium is also expanding.
    Australia will not only lose jobs, but will lose capital and knowhow.
    Why would any young person in Australia study metallurgy, there'll be no jobs available, they'll need to go to Asia or Russia to get a job.
    The climate change freaks will destroy all manufacturing in the Western world.


    Rusal Announces ₽5.2 Billion Modernization Push For Sayanogorsk And Khakas Aluminium Smelters
    https://aluminiuminsider.com/rusal-...or-sayanogorsk-and-khakas-aluminium-smelters/


    Press Metal overcomes power hurdle for Samalaju expansion
    https://www.theedgemarkets.com/article/press-metal-overcomes-power-hurdle-samalaju-expansion
 
watchlist Created with Sketch. Add RIO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.