Rio Tinto may close NZ aluminium smelter

Rio Tinto (ASX: RIO) will conduct a strategic review of its interest in the Tiwai Point smelter in New Zealand operated by New Zealand Aluminium Smelters (pictured). The review will consider what is NZ’s only aluminium smelter’s ongoing viability and competitive position, according to a statement released today. The company said: “Under current market conditions…