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Ottawa talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
- Industry Minister Mélanie Joly confirmed on July 4, 2025, that Canada is in talks with Rio Tinto to address cash flow problems caused by U.S. steel and aluminum tariffs.
- These discussions came after U.S. President Donald Trump increased import duties on steel and aluminum products to 50 percent last month, impacting Rio Tinto and prompting Canada to plan its response by July 21.
- Rio Tinto announced in 2023 it would invest $1.4 billion to expand aluminum smelting in the Saguenay–Lac-Saint-Jean region where it employs about 4,000 people, highlighting the sector's economic significance.
- Quebec Premier François Legault announced a new energy deal between Hydro-Québec and Aluminerie Alouette, a consortium including Rio Tinto, pledging $1.5 billion to modernize operations and maintain 1,000 jobs through 2045.
- These developments suggest ongoing challenges from the tariffs but also government and industry efforts to support the aluminum sector’s liquidity, competitiveness, and job retention amid trade tensions.
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40 Articles
Prince George Citizen
Ottawa talking to metals giant Rio Tinto about liquidity help amid U.S. tariffs
OTTAWA — Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with liquidity problems caused by the United States' global steel and aluminum tariffs.
Government talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow problems caused by the United States' global steel and aluminum tariffs.
Ottawa Talking to Metals Giant Rio Tinto About Cash Flow Help Amid U.S. Tariffs
Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow problems caused by the United States’ global steel and aluminum tariffs. During a visit to Saguenay, Que., on Thursday to meet with businesses in the province’s critical aluminum sector, Joly told reporters in French that Ottawa had started talks with the firm earlier this week. A spokesperson for th…
The 50% U.S. steel and aluminum tariffs hurt companies on this side of the border.
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