Foundries struggling to compete internationally with hovering vitality prices

Australian Foundry Institute President Brett Lawrence says a rise in vitality prices makes it harder for foundries to compete internationally.

“Our global market and the free trade that Australia currently has been doing for the last 30 years is showing that our customers do import,” Mr Lawrence advised Sky News host Ross Greenwood.

“So the foundries are not just competing locally but also competing against imports.

“So if there’s a cost competitive advantage for our competitors, we struggle whether we’re exporters or whether we’re selling locally.”

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