Industry News

Rio Tinto to invest in capacity expansion of low-carbon aluminum

Views : 237
Update time : 2021-11-18 17:09:18
Rio Tinto planned to invest US$87 million to increase the low-carbon aluminum production in Canada as it believed that global restraint of climate change will boost the demand for electric vehicles, solar panels, and recyclable packaging continues growing, and aluminum is a key material for these needs.

Rio Tinto stated that it will add a new production capacity of 26,500 tons at its smelter in the Saguenay-Lac-Saint-Jean region of Quebec by 2030. The capacity will be raised by 45%, and secure around 100 existing jobs at this smelter.

Rio Tinto foresaw that the global aluminum market will grow at an average annual rate of 3.3% in the next ten years.
Related News
Read More >>
South Africa launches critical minerals strategy, opens new mining law for public comment South Africa launches critical minerals strategy, opens new mining law for public comment
May .22.2025
South Africa launches critical minerals strategy, opens new mining law for public comment
China's iron ore production declines in Jan-Apr China's iron ore production declines in Jan-Apr
May .22.2025
China's iron ore production declines in Jan-Apr
US’ steel coil exports go up in Mar US’ steel coil exports go up in Mar
May .22.2025
US’ steel coil exports go up in Mar
US increases CRC imports in Mar US increases CRC imports in Mar
May .22.2025
US increases CRC imports in Mar