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Joly Says Quebec Aluminum Set for Hundreds of Millions From $5 Billion Tariff Relief Fund

The pledge signals Ottawa’s intent to cushion Quebec smelters from 50 per cent U.S. tariffs through a new $5 billion support fund.

Overview

  • Industry Minister Mélanie Joly said Quebec’s aluminum industry is likely to receive hundreds of millions of dollars, though the federal allocation plan has not been finalized.
  • Canadian aluminum and steel exports currently face 50 per cent U.S. tariffs, intensifying pressure on a sector concentrated almost entirely in Quebec.
  • Joly cited ongoing project discussions with Alcoa, Rio Tinto and Alouette as potential channels for deploying support to sustain operations and investment.
  • Aluminum Association of Canada president Jean Simard said the relief is aimed at preserving global competitiveness for producers heavily reliant on the U.S. market.
  • Producers shifted more shipments to Europe over the summer as exports to the United States became unprofitable, underscoring the sector’s exposure to U.S. policy.