25 Feb 2020

Tiwai Point smelter records $300m loss

From Morning Report, 7:48 am on 25 February 2020

The Tiwai Point aluminium smelter in Invercargill has recorded a $300 million loss - blaming the result on high power prices and a volatile market.

Rio Tinto owns the smelter and said last year it would be reviewing the plant's future, given drastic fluctuations in global aluminium prices.

Graham Budd is the chief executive of Great South, the Southland regional development agency.

He speaks to Corin Dann.