Tag: Industrial Policy
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Glencore Refinery Rescue: Australian Taxpayers Fund Multi‑Year Lifeline for Mount Isa and Townsville Assets
Overview of the Rescue Package Australia will subsidise Glencore’s copper processing operations in Queensland, providing a multi‑million‑dollar lifeline to keep the Mount Isa Copper Smelter and the adjoining Townsville Refinery running through 2028. The federal and Queensland governments confirmed a $600 million financial bridging package, with the funding split 50:50 between the Commonwealth and the…
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Shifting Tides: Procter & Gamble Exits Pakistan as Investment Pullback Grows
Procter & Gamble Announces Pakistan Exit: Timeline and Scope In a move that underscores the evolving investment climate in Pakistan, Procter & Gamble (P&G), the American consumer goods powerhouse, announced on Thursday that it will wind down its production and commercial operations in the country. The decision places P&G among a growing list of multinational…
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China Challenges the World with Its Steel Exports
China’s Rise as a Steel Export Power China is expanding its footprint in the steel market, shifting from a primary importer to a major exporter. As global demand recovers and supply chains adjust, Beijing is prioritizing production that serves overseas buyers while keeping domestic use steady. Analysts say this pivot could redefine steel trade in…
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Kwinana Alumina Refinery: Alcoa Confirms Permanent Shutdown
Alcoa confirms permanent shutdown of Kwinana refinery Alcoa has announced there is no sustainable path to restarting the Kwinana alumina refinery in Western Australia after winding down production. The decision marks the end of an era for a facility that has operated in the WA region for more than six decades and follows a formal…
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Current Challenges in Norwegian Politics
Introduction to Norwegian Politics Norwegian politics is experiencing significant challenges, particularly concerning its relations with the EU and pressing climate goals. As recent developments unfold, the implications for trade and industry are increasingly critical, shaping the discussion among policymakers and the public. Trade Concerns: Norway Outside the EU Trading Wall The recent report from Aftenposten…