9 hours ago
- Business
- AU Financial Review
Queensland refinery slumps to $57m loss in year of pain for processing
One of Australia's two zinc refineries has crashed to a $US37.1 million ($56.8 million) loss in the latest challenge this year to the federal government's hopes of expanding local mineral processing.
The loss posted by Korea Zinc's Sun Metals refinery near Townsville adds to the financial pain being felt by Australian manufacturers of aluminium, nickel, manganese, lithium and copper, as a global trend for low smelting and refining fees collides with Australia's rising energy costs.
