Rio Tinto Shuts Down Tiwai Smelter; Mercury Well Placed to Respond to the Closure

  • Jul 09, 2020 NZST
  • Team Kalkine
Rio Tinto Shuts Down Tiwai Smelter; Mercury Well Placed to Respond to the Closure

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.

 

 

 


Disclaimer
The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.

 

   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK