Weak aluminium prices won't help smelter

Tue, 05 Nov 2019

Aluminium prices fell for another month as global mining giant Rio Tinto reviews the future of the Tiwai Point aluminium smelter, including possibly closing the site near Bluff.The ANZ commodity price index showed aluminium prices were the only locally produced raw material to fall in October, down 1.6 percent in October and 15 percent less than a year ago. The 48-year-old smelter is 79.4 percent-owned by Rio Tinto, which has been selling or shutting smaller, older plants worldwide to focus on its most profitable operations.The plant, whic...

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