Shares flat as smelter deal emerges

Dan Brunskill
Thu, 14 Jan 2021

New Zealand's headline share index was flat today with news of an extension of operations at the Tiwai Point aluminium smelter having little impact on the already elevated share prices of Meridian Energy and Contact Energy. The S&P/NZX 50 Index fell 4.4 points, or 0.03 percent, to 13,115.87. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $138.2 million.Mining multinational Rio Tinto said today it had struck a deal with Meridian to keep the Southland aluminium smelter in business for a...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Infrastructure

New players sought for electricity futures market

Gavin Evans | Wed, 20 Jan 2021

Paying new players to offer market-making services may improve pricing, Electricity Authority believes.

Opinion

BlackRock mansion: where $12T lives

David Chaplin | Wed, 20 Jan 2021

Global funds management is concentrating into fewer and fewer hands.

Primary Sector

The Zespri effect: Has NZ's hops industry found its Sungold?

Brent Melville | Wed, 20 Jan 2021

New Zealand's hop industry has a clear vision for the future, though this includes some fairly hazy IPAs.

Shares flat as smelter deal emerges

Not convinced yet?

Your company has a subscription

Team