Fund manager: NZ Aluminium Smelter announcement expected

CEO Chris Blenkiron says there's a positive pathway for the Tiwai Point aluminium smelter. (Image: Getty)

Thu, 28 Jul 2022

News that New Zealand’s Aluminium Smelter (NZAS) is investigating future power arrangements beyond 2024 reconfirms what the market had expected, a fund manager says. However, the negotiations will not be a certainty with the playing field changed since the smelter last negotiated a power deal.The Rio Tinto-controlled Tiwai Point smelter said this morning it has started working with power companies to explore a future past the 2024 point when its existing contract with Meridian Energy ends.“There is lots of work to do, but we be...

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