looks like a lot of them are in big demand again
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looks like a lot of them are in big demand again
d day today probably explains why power companies been strong performers lately
Tiwai smelter may get break as decision day arrives on how to carve up Transpower's $1b annual bill
https://www.stuff.co.nz/business/121...1b-annual-bill
Pretty significant announcement. Update TPM methodology includes a provision for a "Prudent Discount Policy - important safeguard to stop customers exiting country because of inefficient high transmission costs". E.g. Tiwai will get special treatment.
Certainly not 100% sealed yet but I would say this materially increases the chances of it staying. Be interesting to see what power shares do on market open today.
Aluminium price up over 7% monthly helpful too.
Rio have given notice to wind down and close the smelter
Next year. good that its not all at once.
hopefully this will mean lower prices for other industrial users.