New Zealand trade
Market intelligence
New Zealand Aluminium Smelters Ltd. announced a 205‑MW electricity reduction at its Tiwai Smelter in response to nationwide power shortages, cutting the smelter’s production capacity by approximately one‑third.
Rio Tinto acquired the remaining 20.64 % stake in New Zealand Aluminium Smelters Ltd., becoming its sole owner.
Rio Tinto secured new electricity contracts for the Tiwai Point smelter, guaranteeing power through 2044 and strengthening the smelter’s operational capacity.
Rio Tinto’s Tiwia Point smelter output declined by 9% due to low water levels at its hydroelectric supply.
Comalco upgraded its Tiwai Point smelter, commissioning 48 new cells in May 1996, raising annual capacity by >40,000 tons to 313,000 tons.
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