Rio is asking for bailouts as power prices are too high to make Aluminium, the price of which has fallen:
The Australian Aluminium Council (AAC), whose members include Rio and US aluminium giant Alcoa, said energy costs had to come down for smelters to survive…
It is understood the Coalition government and Rio have been in talks about a potential rescue package for the at-risk smelters as a downturn in the aluminium market linked to COVID-19 compounds the problem of globally uncompetitive power prices.
