Rio Tinto's aluminum smelter will receive assistance from the Australian government.

Insiders have revealed that after prolonged negotiations, the majority shareholders of Tomago Aluminium Smelter, Rio Tinto and its partners, will receive financial support from the Australian federal government and the New South Wales state government. The relevant aid package is expected to be announced on Thursday and will include more details on funding support as well as the future operational plans for the smelter. The facility is currently facing high energy cost pressures.