Paz your research is fantastic,
Alcoa has been closing plants all over the world in the last year and both BHP and RIO have taken huge write downs to their aluminium businesses
Alcoa is in deep poo because the high AUD, low aluminium prices, old production technology. As Europe and other parts of world face job shortages the labour price comes crashing down. Australia's unemployement rate is low and labour costs are high. IMO Alcoa's Victorian operations are facing so many issues the carbon tax has not even been built into the equation. On the other hand Loy Yang Power has a life raft. They can sell Coldry locally or export it for many years to come.
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