Alcoa will only use bauxite mined in WA’s jarrah forests in its local refineries in a decision that will slightly reduce its impact on a threatened ecosystem.
The US aluminium giant is confident it can mine the WA jarrah forests critical to its business for decades despite a short-term environmental approval delay.
Alcoa and South32 want to expand mass clearing and strip mining in the northern jarrah forest,which is at risk of collapse according to the International Panel on Climate Change.
It tends to be the least visible and analysed of the major commodities,but alumina prices are surging,and that is good news for Australia.
Tesla will soon be receiving a vital ingredient for electric vehicle batteries from BHP’s newly opened $140 million nickel sulphate plant in Kwinana.
The future of Victoria’s Portland aluminium smelter and the jobs of hundreds of its staff appear safer after Alcoa secured a power deal and further subsidies.
Alcoa says it is encouraged by a $76 million offer to support the Portland aluminium smelter's viability and ensure the stability of Victoria's energy grid.
An owner of the Portland aluminium smelter is hopeful governments will consider the need to minimise job losses as the economy re-emerges from coronavirus.
The fate of Alcoa's aluminium smelter in Victoria's west is under a cloud,threatening the jobs of hundreds of workers and major disruption to the power grid,as the US giant Alcoa considers shuttering or selling its worst-performing operations.
Business leaders have blasted the'disgraceful'state of the nation's energy market amid fears of potential summer blackouts.
Shares in Australian miners have rocketed after an announcement that the world's largest alumina refinery in Brazil would shut down indefinitely.