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1 Jul 2025 18:41
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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
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     01 Jul: Businesses still see hope on the horizon, but recovery still remains slower than expected
     01 Jul: China's EV newcomer Xiaomi sells nearly 300,000 SUVs in an hour
     01 Jul: Foodstuffs is trialling the use of reusable plastic deli containers in six stores
     01 Jul: Positive signs when it comes to consumer arrears - but some businesses are still doing it tough
     01 Jul: Experts warn of global economic turmoil ahead of Donald Trump's tariff deadline
     Top Stories

    RUGBY RUGBY
    The spectre of a second-string opponent is just something the All Blacks have to deal with More...

    BUSINESS BUSINESS
    New World is launching a reusable container trial in September More...


     Today's News

    		 Health & Safety:
    Domestic violence victim-survivors share early warning signs of abuse 18:17

     Rugby:
    The spectre of a second-string opponent is just something the All Blacks have to deal with 18:07

     Entertainment:
    Damson Idris says his mother inspired his love for "luxurious" fashion 18:06

     Entertainment:
    Allison Williams wishes the Girls set had an intimacy coordinator 17:36

     Rugby League:
    Confidence from one of the favourites to replace Luke Metcalf in the Warriors number seven jersey 17:27

     Entertainment:
    Rita Ora developed hypochondria after her mother's breast cancer diagnosis 17:06

     Business:
    New World is launching a reusable container trial in September 16:57

     Law and Order:
    A 32-year-old man's been charged with murder - over an inmate's death at Mt Eden Corrections Facility on Friday 16:47

     Entertainment:
    Keke Palmer "would love" to have another child 16:36

     Law and Order:
    A 26-year-old Melbourne childcare worker's facing 70 charges - relating to eight preschoolers aged between five months and two years 16:17

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