Industry Minister Mélanie Joly wants to build an aluminum rolling mill in Canada
The funding will support projects at five smelter sites as Ottawa seeks to reduce dependence on U.S. processing and build domestic rolling mills.
- On Friday, Industry Minister Melanie Joly announced more than $193 million in federal funding for aluminum projects at four Rio Tinto facilities in Saguenay-Lac-Saint-Jean and the Alouette smelter in Sept-Iles, Quebec.
- Joly cited economic upheaval caused by tariffs, noting that aluminum products face a total surcharge of 100 per cent when the United States imposes a 50 per cent tariff on Canadian aluminum and Canada applies a matching 50 per cent tariff on processed American aluminum.
- "It's not normal that most of our aluminum is processed in the United States," Joly said, noting that aerospace and agri-food sectors require more processed aluminum to produce aircraft parts and cans domestically.
- Ottawa intends to partner with entrepreneurs to develop rolling mills and take equity stakes in these projects while offering procurement contracts for key aerospace components to create a viable business model.
- Joly stated that "in this new context, we must be able to produce more of what our economy needs right here in Canada," adding that "economic sovereignty isn't something you proclaim, it's something you build.
15 Articles
15 Articles
The Toronto Star
Industry Minister Mélanie Joly wants to build an aluminum rolling mill in Canada
Industry Minister Mélanie Joly says new federal investments announced Friday are a first step toward reducing the Canadian aluminum sector's dependence on the United States.
"Our government sees aluminum as a strategic sector for the Canadian economy."
The idea of building an aluminum rolling plant in Canada so as not to depend on U.S. mills is on its way in the spirit of Mélanie Joly, Minister of Industry and Head of Quebec Economic Development. Ms. Joly was visiting La Baie on Friday to announce federal assistance of more than $193 million [...]
This aid is intended to maintain some 6000 jobs in a context of tariff war.
Investments in Rio Tinto's industrial facilities and Alouette's fusion activities will strengthen competitiveness
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