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30 Dec 2025 9:46
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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
     30 Dec: Workers in other industries may be putting their feet up for a summer break, but hospitality is knuckling down for its busiest time of year
     30 Dec: New Zealand's tourism sector appears to be finishing the year in a strong position - inching up to pre-pandemic numbers
     30 Dec: Projections investors will return to the housing market in 2026
     30 Dec: Record numbers of first-home buyers are participating in the housing market
     28 Dec: Melbourne could be facing water-restrictions from low-rainfall, a dry summer, and high water-use
     28 Dec: A dip in sales and wild weather hasn't dampened retailers' spirits - with hopes things will turn a corner in 2026
     28 Dec: New insurance data reveals Bali is still a spot of trouble for New Zealand travellers
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    BUSINESS BUSINESS
    Workers in other industries may be putting their feet up for a summer break, but hospitality is knuckling down for its busiest time of year More...


     Today's News

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     International:
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     Law and Order:
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