US EditionAluminerie Alouette Confirms $1.5 Billion Investment in Sept-Îles
- On July 4, 2025, Aluminerie Alouette revealed plans to invest a minimum of $1.5 billion over the next two decades to upgrade its aluminum production facilities located on Quebec’s North Shore in Sept-Îles.
- The investment follows an agreement in principle with Quebec’s hydro utility on electricity rates fixed until December 31, 2045, supporting the smelter's operations amid U.S. tariffs.
- The agreement allows Hydro-Québec to share profits when aluminum prices rise and helps Aluminerie Alouette remain competitive when prices drop amid a 50 per cent U.S. tariff on imports.
- The smelter, employing approximately 950 people with an annual capacity of 630,000 tons, accounts for 20 per cent of Quebec’s aluminum output, and Rio Tinto holds a 40 per cent stake.
- This long-term deal and investment commitment aim to stabilize operations and signal support for an industry affected by tariffs and market volatility.
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Major Quebec aluminum smelter announces $1.5B investment with new electricity deal - Montreal
Quebec Premier François Legault told the news conference the electricity deal is a positive sign for an industry that has been hit by 50 per cent tariffs on imports to the U.S.
·Toronto, Canada
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TVA Nouvelles+2 Reposted by 2 other sources
Alouette is investing $1.5 billion to upgrade its facilities in Sept-Îles, on the North Shore.
·Montreal, Canada
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A new Liquefied Natural Gas (LNG) megachant could be created on the North Shore, with a natural gas pipeline and liquefaction plant project led by the Norwegian-born company Marinvest Energy Canada.
·Montreal, Canada
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