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Australia to bailout Glencore’s Mount Isa smelter to save 600 jobs and support energy transition.
The Australian federal and Queensland governments are set to announce a taxpayer-backed bailout for Glencore’s Mount Isa copper smelter to save around 600 jobs and stabilize the region’s economy amid ongoing financial struggles.
The move reflects broader government efforts to support critical mining and manufacturing infrastructure during a challenging energy transition.
Meanwhile, Australia’s remaining aluminium smelters are seeking similar aid, with policymakers exploring ways to reposition them as flexible assets that support renewable energy integration and grid reliability.
Strategic investment and policy reform are seen as essential to ensure long-term energy security, industrial sustainability, and climate goals.
Australia dará un rescate a la fundición Mount Isa de Glencore para salvar 600 empleos y apoyar la transición energética.