Rio Tinto mulls fate of New Zealand aluminium smelter

Rio Tinto has launched a strategic review of its Tiwai Point aluminium smelter in New Zealand, and will make a final decision on the smelter’s fate by the first quarter of 2020, while it considers curtailment or closure, among other options, Rio Tinto told Fastmarkets on Tuesday October 22.

“Under current market conditions and with high energy costs, we expect the short to medium outlook for the aluminium industry to be challenging and this asset to continue to be unprofitable. Rio Tinto intends to hold discussions with the Government...

Published

Michael Roh

October 23, 2019

03:32 GMT

New York