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16 Sep 2025 17:18
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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
     16 Sep: ???1;Falling interest rates are yet to flow through to the housing market
     16 Sep: Otago has emerged as the most expensive region in New Zealand, for renters
     16 Sep: Watties has explained its decision to suddenly end contracts with local peach suppliers
     16 Sep: An importer has been hit with a 140-thousand dollar fine after selling small toy cars, that young children could choke on
     16 Sep: Our largest sector is continuing to do it tough
     16 Sep: New Zealanders are spending less of their income on vehicle insurance, than they were a year ago
     16 Sep: No sign of a turnaround yet, for many parts of our economy
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    BUSINESS BUSINESS
    ???1;Falling interest rates are yet to flow through to the housing market More...


     Today's News

    		 Entertainment:
    Denise Richard's ex-husband Aaron Phypers has alleged the actress abandoned their marital home in a state of chaos and filth 17:01

     Law and Order:
    An Auckland serial rapist has been cleared of a kidnapping almost 20 years later after an investigation by the Criminal Cases Review Commission 16:57

     Entertainment:
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     Law and Order:
    A court's been told the man who lit the deadly Loafers Lodge hostel fire in Wellington, changed his story while considering his plea 16:17

     International:
    Where and how to watch the 2025 Primetime Emmy award-wining shows in Australia 16:07

     Entertainment:
    Jack White has led tributes to Viv Prince, the influential 1960s drummer who has died aged 84 16:01

     Entertainment:
    Boris Becker has described the "screaming, fear and freezing, mould-infested cells" of Wandsworth prison 15:31

     Rugby League:
    The Broncos will need to win through to the NRL final without lock Pat Carrigan 15:27

     Entertainment:
    Emily Ratajkowski's ex-husband Sebastian Bear-McClard is said to be enjoying a new relationship with Alessandra Brawn - the former girlfriend of actor Will Arnett 15:01

     Law and Order:
    The man accused of murdering right-wing activist Charlie Kirk, allegedly sent a text with his intentions to kill him prior to doing so 14:57

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