Rio Tinto to review future of New Zealand‘s Aluminium Smelter

摘要

Rio Tinto will conduct a strategic review of its interest in New Zealand’s Aluminium Smelter (NZAS) at Tiwai Point, to determine the operation’s ongoing viability and competitive position. Under current market conditions and in view of high energy costs, the company expects the short to medium outlook for the aluminium industry to be challenging and this aBet to continue to be unprofitable. Rio Tinto Aluminium CEO Alf Barrios said: "The aluminium industry is currently facing significant headwinds with historically low prices due to an over-supplied market. This means that many aluminium providers are reviewing their positions.”