Toyota today, Alcoa is next

Just like Toyota, Alcoa's Point Henry aluminium smelter is doomed by some fundamental problems that have nothing to do with Australian government policy. Turning back the clock to the days of subsidised energy is 'madness'.

The Abbott government has done the sensible thing letting the car manufacturers fold without handing out hundreds of millions in taxpayers dollars. It would have been like money down the drain because, in the end, the manufacturers don’t see Australia as being strategically important to their operations.

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