Tanking aluminium prices don't bode well for Tiwai smelter

Tanking aluminium prices don't bode well for Tiwai smelter
Rebecca Howard
Aluminium prices hit their lowest level in more than a decade in April on slumping demand as Rio Tinto – majority-owner of the Tiwai Point smelter – continues to mull the future of the plant.“Aluminium stocks are expected to reach record levels this year as demand has slumped – due primarily to fewer cars being produced,” said ANZ Bank agriculture economist Susan Kilsby.Aluminium prices fell 9.4 percent on the month and are down 20.5 percent on the year, according to the monthly ANZ commodity price index.Rio Tinto...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Riley Kennedy 12 Dec 2024
Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Riley Kennedy 12 Dec 2024
Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024