14,442.56 TRY BIST 100 BIST 100
52.67 EUR EUR EUR
45.05 USD USD USD
6.63 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.22 TRY Interest Interest
107.54 USD Fossil Oil Fossil Oil
5.97 USD Copper Copper
109.46 USD Silver Silver
107.86 USD Iron Ore Iron Ore
378.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,684.34 TRY Gold (gr) Gold (gr)
107.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Rio Tinto allocates $165 Million for renovation of Quebec aluminum smelter

Rio Tinto has announced a $165 million investment to renovate its Grande-Baie aluminum smelter in Quebec, Canada.

Rio Tinto allocates $165 Million for renovation of Quebec aluminum smelter

Rio Tinto has announced a $165 million investment to renovate its Grande-Baie aluminum smelter in Quebec, Canada. This funding will go towards refurbishing two anode baking furnaces that are at the end of their operational life and conducting studies for future updates to other equipment.

The renovation work, set to occur in 2025 and 2026, aims to maintain a steady supply of anodes to the Grande-Baie and Laterrière plants for the foreseeable future. Rio Tinto also plans to offset the carbon emissions from this project by planting trees around the smelter.

Martin Lavoie, the operations director for Grande-Baie and Laterrière, emphasized that this project will sustain and enhance the region's aluminum production while also bringing substantial economic benefits. About 185 jobs will be created at the height of the project.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Greater Lincolnshire Mayor signs UK Steel Charter to boost use of domestic steel

Monday, May 4, 2026

thyssenkrupp AG and Jindal Steel International suspend share talks

Monday, May 4, 2026

ArcelorMittal reports first-quarter 2026 financial results

Thursday, April 30, 2026

U.S. launches Section 232 tariff reduction process for steel and aluminum from Mexico and Canada

Thursday, April 30, 2026

U.S. Steel announces $1.9 billion investment in new DRI facility

Thursday, April 30, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now