Australia earmarks $2.1 billion for 'green' aluminium

Prime Minister Anthony Albanese. (Image: Getty)

Tue, 21 Jan 2025

Sydney, Australia – Australia will reward power-guzzling aluminium smelters that use renewable electricity instead of coal, Prime Minister Anthony Albanese said Monday as he unveiled a US$1.2 billion (NZ$2.1b) green metals plan.Australia is the world's sixth largest producer of the in-demand metal, according to officials, which is used in everything from aeroplane parts to soft-drink cans.Aluminium ore is refined in hulking smelters that suck up almost 10% of Australia's electricity, analysts say, a process that has long rel...

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