Rio tinto completes acquisition of sumitomo's 20.64% stake in new zealand's aluminium smelter

Melbourne, australia--(business wire)--rio tinto's previously announced acquisition of sumitomo chemical company's (scc's) 20.64% interest in new zealand aluminium smelters (nzas) was completed on 1 november 2024. nzas owns and operates the tiwai point aluminium smelter in new zealand. following completion of the transaction, nzas is now wholly owned by rio tinto. rio tinto aluminium pacific operations managing director armando torres said: “we are pleased the acquisition of scc's stake in nzas.
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