Market
First to produce 100,000 tonnes of renewable aluminum in 2025?
2
Resolution / Starting Odds
Rio Tinto • 25%
Tomago Aluminium • 25%
Alcoa • 25%
No company • 25%
Company production reports or industry news releases
Story
Australia's $2 Billion Green Push: Albanese Announces $1.2 Billion for Aluminum Industry
Jan 20, 2025, 01:00 AM
Australia's government, led by Prime Minister Anthony Albanese, has announced a $2 billion initiative to support the transition of the country's aluminum industry to renewable energy sources. The program, spanning 10 years, will offer a $1.2 billion production credit to aluminum smelters for every tonne of aluminum produced using renewable power. This move aims to reduce emissions and enhance the competitiveness of the domestic industry. The initiative targets three major producers: Rio Tinto, Tomago Aluminium, and Alcoa, and is part of broader efforts to bolster Australia's green supply chain capabilities.
View original story
Similar markets
Outside Top 10 • 25%
Top 3 • 25%
Top 5 • 25%
Top 10 • 25%
Other • 25%
Rio Tinto • 25%
Alcoa • 25%
Tomago Aluminium • 25%
Yes • 50%
No • 50%
CATL • 25%
Other • 25%
Panasonic • 25%
LG Energy Solution • 25%
More than 60% • 25%
Less than 20% • 25%
20% to 40% • 25%
40% to 60% • 25%
No major investment announced • 25%
Build new facility in the US • 25%
Expand Corpus Christi facility • 25%
Build new facility outside the US • 25%
Other • 25%
United States • 25%
Japan • 25%
Germany • 25%
Apple • 25%
Amazon • 25%
Tesla • 25%
Other • 25%
