First Squawk(@FirstSquawk):RIO TINTO’S TOMAGO ALUMINUM SMELTER SECURES A$2.5 BILLION ($1.8 BILLION) GOVERNMENT SUPPORT PACKAGE, WITH A$1.1 BILLION INVESTMENT TO KEEP AUSTRALIA’S LARGEST SMELTER OPERATING AMID HIGH POWER COSTS. THE DEAL SECURES 1,000+ JOBS, SUPPORTS NEARLY 3 GW OF NEW RENEWABLE GENERATION AND HIGHLIGHTS GOVERNMENT EFFORTS TO PROTECT STRATEGIC ALUMINUM PRODUCTION FROM RISING ENERGY COSTS AND CHINESE COMPETITION.

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First Squawk@FirstSquawk

2026.08.13 00:05

RIO TINTO’S TOMAGO ALUMINUM SMELTER SECURES A$2.5 BILLION ($1.8 BILLION) GOVERNMENT SUPPORT PACKAGE, WITH A$1.1 BILLION INVESTMENT TO KEEP AUSTRALIA’S LARGEST SMELTER OPERATING AMID HIGH POWER COSTS. THE DEAL SECURES 1,000+ JOBS, SUPPORTS NEARLY 3 GW OF NEW RENEWABLE GENERATION AND HIGHLIGHTS GOVERNMENT EFFORTS TO PROTECT STRATEGIC ALUMINUM PRODUCTION FROM RISING ENERGY COSTS AND CHINESE COMPETITION.