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1 Dec 2025 10:47
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      Home > News > Business

    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies

    The potential closure of a Southland aluminium smelter has sucked 1.5 billion dollars from the value of Kiwi power companies


    Tiwai owner Rio Tinto - the country's largest electricity consumer - is considering closing its Bluff plant.

    Since the announcement - power company Meridian's share value has dropped by nearly 8 percent.

    Mercury, Contact and Genesis have also seen shares drop.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     01 Dec: How visible displays of wealth make people support higher taxes – new study
     01 Dec: Chris Luxon says Kiwis should continue to see interest rates fall
     01 Dec: Christchurch police are looking at whether a spate of robberies over the past 48 hours, are linked to ram raids in the city last weekend
     01 Dec: A number of farms are converting to dairy, but cow numbers still lag behind previous peaks
     01 Dec: Business as usual is expected at Air New Zealand and Jetstar today - after warnings solar radiation could interfere with onboard computers on Airbus A320 aircraft
     30 Nov: Our sheep meat exports hit record value in October
     29 Nov: Changes to regional councils could create debate about what to do with the assets they own
     Top Stories

    RUGBY RUGBY
    Jimmy Barnes is heading back to New Zealand - to celebrate his landmark album, For the Working Class Man, turning 40 More...

    BUSINESS BUSINESS
    How visible displays of wealth make people support higher taxes – new study More...


     Today's News

    		 International:
    Lebanese hopeful Pope Leo will bring peace as he visits the country 10:37

     Business:
    How visible displays of wealth make people support higher taxes – new study 10:37

     Politics:
    Powers to move homeless people on from city centres, could be confirmed by Christmas 10:27

     Auckland:
    NZ now has a narrow window to stop the Asian yellow-legged hornet – here’s how everyone can help 10:27

     National:
    Trump wants Australian data on migrant crime. This will only scapegoat vulnerable people 10:17

     Motoring:
    F1 Qatar: McLaren pitstop blunder costs Oscar Piastri win, Max Verstappen closes in on Lando Norris 10:07

     National:
    Frida Kahlo’s record-breaking painting El Sueño positions death as a roommate 10:07

     International:
    F1 standings: Lando Norris, Max Verstappen, Oscar Piastri set for Abu Dhabi decider after Qatar GP 10:07

     Living & Travel:
    Jimmy Barnes is heading back to New Zealand - to celebrate his landmark album, For the Working Class Man, turning 40 10:07

     Motorsports:
    A blunt assessment from McLaren driver Oscar Piastri after a team tactical error at the Qatar Formula 1 Grand Prix 9:57

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