'Deeply favourable cocktail' putting Tiwai Pt aluminium smelter in the black

Tue, 04 Apr 2017

By Pattrick Smellie April 4 (BusinessDesk) - The Rio Tinto-controlled aluminium smelter at Southland's Tiwai Point is benefiting from a "deeply favourable cocktail" of factors that have returned it to profitability and could prompt a restart of its small, fourth production 'potline', says Woodward Partners energy equities analyst John Kidd in the latest of his regular 'Tiwai-o-meter' publications. But the smelter owner told BusinessDesk that electricity prices remain too high to justify a restart. The smelter uses around one-seventh of...

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