【SMM Aluminum Flash News】Australia Nears Power Support Deal for Tomago Aluminum Smelter

Published: Aug 3, 2026 16:50

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Australia's federal and New South Wales governments are in the final stage of negotiations on a long-term power support package for the Tomago aluminum smelter, with an announcement expected in August. The proposal includes a long-term power purchase agreement (PPA) with state-owned Snowy Hydro, providing electricity below market prices to secure the smelter's operations beyond the expiry of its current power contract in 2028. The annual subsidy is estimated at US$300–470 million. Tomago consumes around 12% of New South Wales' electricity and is one of Australia's most strategically important primary aluminum smelters.

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