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
Ann: Rio Tinto to review future of ISAL smelter, page-2
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$129.10 |
Change
-0.220(0.17%) |
Mkt cap ! $47.92B | |||
| Open | High | Low | Value | Volume |
| $129.40 | $129.87 | $128.55 | $169.0M | 1.306M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2351 | $129.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $129.20 | 1183 | 1 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$129.52 |
Change
-0.220 ( 0.06 %) |
||||
| Open | High | Low | Volume | ||
| $129.47 | $129.87 | $128.56 | 435400 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| RIO (ASX) Chart |