Anthony Albanese’s dreams of creating a battery manufacturing industry could cost taxpayers more than it earns, warns the Productivity Commission

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The government launched public consultations in February on a national battery strategy and issued a report in March indicating “an openness to imposing local content requirements”, according to the commission, as well as establishing a battery manufacturing precinct alongside up to $6 billion in potential National Reconstruction Fund support.

However, the plans have been met with scepticism among industry CEOs and triggered alarm from some foreign allies, including among…

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