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Market watch: Energy stocks flat after news Tiwai Point smelter given two more years


Market watch: Energy stocks flat after news Tiwai Point smelter given two more years
14 Jan, 2021 03:48 AM
4 minutes to read
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
Auckland Airport shares fell by 3.41 per cent in another down day for the sharemarket. Photo / Peter Meecham.
NZ Herald
By: Graham Skellern
Energy stock prices remained muted after the announcement that the Tiwai Point aluminium smelter will remain open for at least another two years as investors pondered the impact of earnings and dividend yields on the
affected companies.
Shane Solly, portfolio manager with Harbour Asset Management, said Contact and Meridian no doubt provided electricity pricing discounts for the smelter s owner Rio Tinto to remain operating through to December 2024. ....

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