Rio Tinto reiterates Tiwai position as aluminium prices stay weak

Rio Tinto reiterates Tiwai position as aluminium prices stay weak
Paul McBeth
ASX-listed mining giant Rio Tinto is lobbying on both sides of the Tasman as it seeks cheaper energy for its aluminium smelters.The majority owner of the Tiwai Point smelter said the aluminium industry continued to face low profitability in what it described as challenging conditions in global markets and policy uncertainty. Aluminium production from Rio smelters was down 2 percent in calendar 2019 at 3.17 million tonnes while its average realised price sank 14 percent to US$2,132 per tonne.The mining company is reviewing its 79.4 percent stake...

More Primary Sector

Synlait Milk withdraws guidance after ‘unforeseen’ year-end timing
Primary Sector

Synlait Milk withdraws guidance after ‘unforeseen’ year-end timing

Continuing uncertainty means it can’t provide an updated outlook.

Riley Kennedy 17 Jul 2024
Whole milk powder prices take another hit
Primary Sector

Whole milk powder prices take another hit

The GDT price index increased, despite fall.

Riley Kennedy 17 Jul 2024
Scales Corporation sells two orchards for $34m
Primary Sector

Scales Corporation sells two orchards for $34m

Scales and buyer Craigmore have already worked together for a number of years. 

Staff reporters 16 Jul 2024