Yennora. Emissions trading could cause closure

Australia's largest aluminium recycler, Alcoa, has warned 600 jobs could go in its rolled products factories, at Yennora and Geelong, if the Federal Government did not make further changes to its emissions trading scheme. In a submission to a Senate inquiry, the company said it did not believe it would be eligible for the Government's industry assistance, even though most of its business involves exporting to China and South East Asia. Yennora is home to Australia’s largest aluminium recycling facility.