The Albanese government should keep its hands off the “steering wheel” of business, invest in research and development rather than copying other nation’s competitive sectors, and avoid the dead weight of creating subsidy-reliant industries, says Minerals Council of Australia chief executive Tania Constable.

In an interview in which she “cautiously” backed Prime Minister Anthony Albanese’s push to assert a new vision of sovereign manufacturing, Ms Constable warned that “the last thing we want is another car industry”.