The Albanese Government has announced a landmark $2 billion investment to supercharge Australia’s aluminium industry, creating well-paid jobs and driving the nation towards a greener future.
A centrepiece of this investment is the introduction of a Green Aluminium Production Credit, which will incentivise Australian aluminium smelters to transition to renewable electricity by 2036. Eligible facilities will receive support for every tonne of clean aluminium produced over a 10-year period, providing confidence for businesses to invest in sustainable manufacturing.
Prime Minister Anthony Albanese described the plan as a pivotal step in his government’s vision for “a Future Made in Australia,” leveraging the nation’s abundant resources, skilled workforce, and existing infrastructure to grow the world-class aluminium industry.
“Australia has everything we need to lead the global clean metals revolution: the resources, the workers, and the know-how. This investment means jobs in our regions and suburbs, economic growth, and emissions reductions,” said Albanese.
From Gladstone to Portland, Bell Bay to Tomago, Australia is already the sixth-largest aluminium producer globally. This new initiative aims to solidify that position while tapping into increasing global demand for clean, reliable metals in a decarbonising economy.
Minister for Industry and Science Ed Husic highlighted the dual benefits of the investment: “Jobs up, emissions down, and a secure future for our aluminium industry. This is about backing Australian strengths and building a future for all Australians.”
The Australian aluminium supply chain, uniquely situated entirely onshore – from bauxite mining to final products – will play a vital role in reducing emissions and securing economic wins for the country.
Assistant Minister for Future Made in Australia Tim Ayres emphasised the strategic value of the sector, noting that it is a cornerstone of Labor’s economic and environmental strategy. He also criticised opposition leader Peter Dutton’s nuclear energy plans, arguing they pose a significant risk to energy-intensive industries like aluminium refining.
The Albanese Government’s historic investment reaffirms its commitment to fostering regional manufacturing, securing jobs from Central Queensland to Northern Tasmania, and ensuring a sustainable, prosperous future for the nation.
“Building Australia’s future means investing in Australian workers, Australian industries, and Australian innovation,” said Albanese. “There’s no time to waste.”
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