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24 Feb 2026 7:29
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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.

    © 2026 Newstalk ZB, NZCity

     Other Business News
     24 Feb: More readily available electricity could be critical with demand expected to soar in the years ahead
     23 Feb: People appear to have regained confidence it's okay to shop
     23 Feb: Wallets appear to opening again - across the country
     23 Feb: Energy watchdog to force retailers to offer struggling customers help in overhaul
     23 Feb: A boost for the retail sector, as sales increase across the country
     23 Feb: Satellite imaging is now vital for disaster management. But there are dangerous gaps in our systems
     23 Feb: Business appears to be booming in most parts of the country
     Top Stories

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    BUSINESS BUSINESS
    More readily available electricity could be critical with demand expected to soar in the years ahead More...


     Today's News

    		 Entertainment:
    Jennifer Aniston and Jim Curtis have set rules on how to solve tension in their relationship 7:21

     Business:
    More readily available electricity could be critical with demand expected to soar in the years ahead 7:17

     Rugby League:
    To the latest episode of NRL Law.. 7:07

     Law and Order:
    Andrew Mountbatten-Windsor could go to prison but the real damage would be to King Charles 7:07

     Entertainment:
    Hilary Duff worries her husband will leave her for a "coolio indie songwriter" 6:51

     Entertainment:
    Quinton Aaron has accused his "spiritual wife" of trying to kill him 6:21

     Law and Order:
    New details have emerged about the brutal dog attack in Christchurch's Bryndwr , which left three people injured 4:57

     Athletics:
    Sam Ruthe has completed the set 21:57

     Entertainment:
    Conner Smith will not face charges is relation to a fatal car accident 21:51

     Accident and Emergency:
    One person has died following a hit-and-run in Southland's Te Anau today 21:27

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