Australia's Energy Crisis Drives Businesses to China Amid Cost Pressures

2 hours ago

Australia's Energy Crisis Drives Businesses to China Amid Cost Pressures
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7 Highlights

  • Major firms favor China over Australia due to energy costs.
  • Glencore CEO notes doubled energy costs in Australia.
    • High prices hurt Australia's global competitiveness.
    • Emissions target issues delay crucial projects.
    • International firms are wary of investing in Australia.
    • Australian mines closing impacts jobs and the economy.
    • Unified regulations needed to boost investment in Australia.
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