Rio Tinto Limited (ASX:RIO) has decided to wind-down operations at New Zealand Aluminium Smelters Limited (NZAS) with expected closure in August 2021. Mercury NZ Limited (NZX:MCY) is positioned well to react to the decision to shut down the smelter.
The company is optimistic that the sector shall adjust to the shutting down of the smelter, invest in a fresh transmission, and create new electricity demand to rebalance the country’s electricity system.
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