Tiwai Point smelter looks safe, despite global glut: First NZ Capital

Wed, 20 Jan 2016

By Pattrick Smellie Jan. 20 (BusinessDesk) - The future of the Tiwai Point aluminium smelter appears to have become a little more secure, with the Rio Tinto-controlled plant thought to be roughly breaking even, largely thanks to a lower New Zealand dollar and the fact the price of alumina has fallen more than that of the finished product. Those are the key conclusions of a research note issued to clients by broking firm First NZ Capital in an assessment of the prospects for the New Zealand electricity sector this year. "Tiwai remains...

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