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The CEOs of Brickworks Ltd, the country’s largest brickmaker, and Boral Ltd, the top maker of most other construction materials, flagged the changes even as Australia’s new Labor government scrambles to try to beef up power supplies and bring down electricity prices.

Boral, which downgraded its annual profit forecast in May partly due to energy costs, told Reuters it has cut back on operations due to “the speed and magnitude of the change in energy prices”.

Boral welcomed a move last week by the Australian energy market operator to cap wholesale power prices and take control over power supplies, but Todorcevski said those temporary measures “do not provide long-term confidence for large manufacturers”.

Neither Trump nor Digital World executives made an appearance, and the investor presentation was led by David Boral, the president of EF Hutton, an investment bank that advised Digital World on the deal, the source said.

In May, diversified investor Seven Group offered to buy shares it does not already own in Boral, valuing the building materials supplier at $6.23 billion.