Quote Originally Posted by Marilyn Munroe View Post
The United States has announced sanctions prohibiting the trading of Russian metals including aluminum on the London Metal Exchange and the Chicago Mercantile Exchange. In addition they have prohibited the import of these metals into the United States.

This should strengthen the hand of Meridian in power supply negotiations with the smelter

https://www.bloomberg.com/news/artic...s-on-exchanges

Boop boop de do
Marilyn
I think the deal has largely been agreed already.

The smelter recently bought new uniforms for all their staff, the cost was eye-watering (6 figures from memory). No business about to "up sticks and leave" would waste that amount of money on new sets of kit for soon the be redundant employees

And transpower has upgraded the lines heading north, so manapouri power is no longer entirely stranded in southland if NZAS ever decides to leave

The days of NZAS having overwhelming leverage are gone. However, NZAS pays an important role in the electricity market, helping to keep supply and demand balanced (always on the tight side), and consequentially keeping wholesale prices high. So this will have added some restraint to price demands