Australia's Aluminium Sector Risks Missing Solar Panel Opportunities
Australia's aluminium sector supplies less than 3% of the extrusion capacity needed for solar rail and frames, despite growing demand. The AAC warns that increased investment and policy support are crucial for leveraging local aluminium in the solar panel supply chain.
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The Australian Aluminium Council (AAC) highlights that the local aluminium sector contributes minimally to solar panel production, with less than 3% of extrusion capacity utilized. Demand for aluminium in solar applications is projected to increase significantly, requiring over 1.5 million tonnes of extrusions by 2050.
Currently, over 70% of semi-finished aluminium is imported, threatening local manufacturers. To capitalize on solar opportunities, a domestic recycling industry is essential, potentially generating $300 million in economic value and supporting 130 jobs. Without investment and governmental support, Australia risks falling behind in the renewable energy transition and losing value that could be retained locally.
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