Analysts suspect smelter won't close after a 'cat and mouse' game

Smelter on reduced production, but analysts say it is profitable and will continue operation.

Tue, 08 Jun 2021

Energy sector analysts are predicting the Tiwai Point aluminium smelter’s operations will probably be extended past 2024 but it will pay a higher price for electricity.Forsyth Barr’s latest review of the energy sector said New Zealand Aluminium Smelters’ operations are highly profitable at the moment and despite the likelihood of higher power prices, they believe a power deal will be extended past the 2024 expiry.ForBarr said the main suppliers to the smelter – Meridian Energy and Contact Energy – are currently in...

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