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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.

Karma Barndon
Rio Tinto's New Zealand aluminium smelter at Tiwai Point

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. The plant turns alumina from Gladstone in Queensland into aluminium...

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