AGL vows to try to keep smelters open
AGL Energy says it is trying to ensure its two biggest single customers, the Portland and Tomago aluminium smelters, remain open.
"We will work as a good citizen to do everything we can to keep those smelters going," AGL chief executive Brett Redman told analysts at an investor briefing on Wednesday.
Portland smelter operator Alcoa and Tomago co-owner Rio Tinto have both flagged that their smelting operations are struggling with low aluminium prices and high alumina input costs.
Soaring power prices have hit Tomago as well, while Portland has survived with the help of subsidies from the state of Victoria and the Australian government through June 2021.
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