13 AUGUST 2013www.newstalkzb.co.nz
Aluminium boom in China causes concern
Edited by : AL CIRCLE
1 min read
An aluminium boom in China is causing some concern for our future.
After a year of negotiations Meridian Energy and New Zealand Aluminium Smelters have agreed to terms.
The two have settled on an electricity price for the next 17 years, although there are get out clauses and options for NZAS to scale back its operation.
EPMU Invercargill organiser, Trevor Hobbs says the Chinese are building 60 new smelters.
He says every smelter in the world will be having to compete with Chinese aluminium over the coming decades.
Trevor Hobbs says the Tiwai smelter has one major feather in its cap, the fact it produces some of the most pure aluminium in the world.
After a year of negotiations Meridian Energy and New Zealand Aluminium Smelters have agreed to terms.
The two have settled on an electricity price for the next 17 years, although there are get out clauses and options for NZAS to scale back its operation.
EPMU Invercargill organiser, Trevor Hobbs says the Chinese are building 60 new smelters.
He says every smelter in the world will be having to compete with Chinese aluminium over the coming decades.
Trevor Hobbs says the Tiwai smelter has one major feather in its cap, the fact it produces some of the most pure aluminium in the world.
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