There are 60 million + vehicles a year produced globally and all...

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    There are 60 million + vehicles a year produced globally and all we have to do is to compete globally.
    We can compete with "dig it up/ship it out markets but we are shy in advancing into the industrial age
    because we have relied on multinationals to do the job for us.

    To compete globally we simply have to have the economy of scale ( unlike our current labour intensive small
    scale aluminium & steel smelters.

    To compete in the lower end of the automotive castings; the alloy wheel market (estimated to be 200 million units a year),
    we simply have to pull out a finger and produce alloy wheels in millions and then use our free trade agreements
    with China, Japan,Korea, USA & Thailand to force our way into these markets.

    Multinationals simply want to divide & conquer by spreading product manufacturing across as many jurisdictions and in the process
    avoid corporate tax through transfer pricing and sweetheart deals with 3 world countries.

    We have about 60 years supply of our precious metal ores, coal & LNG at current consumption rates are our objective should be opposite to that
    of the multinational miners ; that is we ought be adding optimum Aussie value while the multinationals are gradually reducing Aussie value via
    automation and DSO.
    Last edited by moorookamick: 09/07/20
 
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