AWC is confronted by a Labor government influenced by the Greens. There is Opposition to mining in the northern jarrah forests where the high quality ore is. Government has already banned logging of native forests in the south west. I think the Kwinana closure decision is timed to send a message to the Government. That without access to high quality resources the other plants at Pinjarra and Wagerup will become marginal. It is in the Government's court now with a decision to be made after a Public Environmental Review of the Alcoa 2023-27 mining plan
AWC Price at posting:
$1.14 Sentiment: None Disclosure: Not Held