US EditionJoly expects aluminum sector to receive ‘hundreds of millions’ in tariff relief
The Canadian government plans to use a $5 billion fund to support Quebec's aluminum industry, which produced a record 3.3 million tonnes in 2024 but faces 50% U.S. tariffs.
- On September 8, 2025, Industry Minister Mélanie Joly stated that Quebec’s aluminum industry is expected to benefit from a substantial portion—amounting to several hundred million dollars—of a $5-billion federal tariff relief fund.
- The fund aims to help sectors affected by 50 per cent U.S. tariffs on Canadian aluminum and steel exports, though the government has not decided the exact allocation yet.
- Industry Minister Mélanie Joly and the head of Canada's Aluminum Association discussed significant investments involving Alcoa, Rio Tinto, and Alouette that amount to several hundred million dollars aimed at enhancing the competitiveness of the aluminum industry.
- Simard noted that nearly all Canadian aluminum, mostly produced in Quebec, is exported mainly to the U.S., with 90 per cent of Quebec's aluminum exports going there despite recent shifts toward European markets.
- The tariff relief seeks to maintain the sector's global competitiveness and suggests that Canada may regain U.S. market share as prices adjust and metal returns to the U.S. market.
36 Articles
36 Articles
Aluminum Sector to Receive ‘Hundreds of Millions’ From $5B Relief Fund: Minister Joly
Canada’s mostly Quebec-based aluminum sector will receive its “fair share” of a newly announced $5 billion fund to help businesses impacted by U.S. tariffs, according to Industry Minister Mélanie Joly. Joly’s comments came after Prime Minister Mark Carney announced a series of new measures on Sept. 5 for workers and businesses impacted by U.S. tariffs. In an announcement in Montreal on Sept. 8, Joly focused on her government’s plan to help the a…
According to Minister Mélanie Joly, the Quebec aluminum sector will receive "its fair share" of the aid fund for the industries most affected by the tariffs.
On Monday, Minister Joly presented a $5 billion fund for the sectors most affected by the trade war.
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