The Markets

Shares flat as smelter deal emerges

Thursday 14th of January 2021

The S&P/NZX 50 Index fell 4.4 points, or 0.03 percent, to 13,115.87. Within the index, 22 stocks rose, 21 fell and seven were unchanged. Turnover was $138.2 million.

Mining multinational Rio Tinto said today it had struck a deal with Meridian to keep the Southland aluminium smelter in business for another four years.

The smelter had been scheduled to close in August this yea...

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