MELBOURNE, Australia–(BUSINESS WIRE)–Rio Tinto welcomes the Australian Government’s announcement of an aluminium production credit to help sustain and grow aluminium smelting in Australia, and significantly advance both regional communities and the nation’s manufacturing capabilities.
The production credit, announced today as part of the Future Made in Australia Plan, puts Australia on a path to becoming a leader in green metals manufacturing, while supporting a continued strong economic future for communities that have powered the nation’s aluminium industry for generations.
It will provide targeted support to Australian aluminium smelters transitioning to reliable, renewable electricity before 2036. Under the initiative, facilities will be eligible for support for their production over a 10-year period. The credit aims to give local aluminium smelters the confidence to invest, securing Australian jobs and strengthening the…
