Rio rethink as aluminium trade woes bite

RIO Tinto will review its 79.36% interest in the underperforming New Zealand aluminium smelter at Tiwai Point in light of the challenging market conditions caused by low aluminium prices of about A$2524 per tonne and a supply glut.

Rio rethink as aluminium trade woes bite Rio rethink as aluminium trade woes bite Rio rethink as aluminium trade woes bite Rio rethink as aluminium trade woes bite Rio rethink as aluminium trade woes bite

Rio Tinto's New Zealand aluminium smelter at Tiwai Point

The company has operated NZ's only aluminium smelter since 1971 in a joint venture with 20.64% Japanese partner Sumitomo Chemical Company.