Rio Tinto recently announced that its Gladstone’s Boyne smelter in Australia has reduced its aluminum production by 14% due to failure to reach a competitive power contract.

According to the Shanghai Colored Network March 6, Rio Tinto said it would lose a lot of work. “The Boyne smelter has been working to ensure a suitable power supply agreement,” Rio Tinto said in a statement. “Both sides have been negotiating friendly, but have not been able to reach an agreement.”