Australian construction Industry products manufacturer Adbri will lose $70 million in annual revenue from mid-2021 following a decision by US aluminium processor Alcoa to cancel a lime supply contract with the company after 50 years of uninterrupted service.
Alcoa has decided to source its lime supply from offshore leaving Adbri to mitigate job losses in its subsidiary West Australian Cockburn Cement operation.
Alcoa has delivered a blow to the Australian economy at a time when most industries are suffering from the Coronahoax shutdowns.
The federal government should be applying a blowtorch to overseas companies which pay little or no Australian tax yet benefit greatly from our non-renewable bauxite resources.
Furthermore we should be processing our own bauxite as Alcoa does at Gladstone, Queensland, but instead of exporting aluminium ingots we should be using them for manufacturing goods here instead of sending the ingots to China.