Rio Tinto has initiated the commissioning of its $1.5 billion AP60 smelter expansion at Complexe Arvida in Quebec, a significant step towards enhancing its low-carbon aluminium production capabilities. The project, which began in March and is expected to be fully operational by the end of 2026, will increase the plant’s output by approximately 160,000 metric tonnes of primary aluminium annually, raising total production from AP60 technology to 220,000 metric tonnes.
This expansion is particularly relevant for the aluminium sector, as it not only aims to offset production losses from the closure of older potrooms but also supports local employment and economic growth. The project is projected to create around 100 permanent jobs and has already generated over $1 billion in economic benefits during its construction phase, highlighting its importance to both Rio Tinto’s operational strategy and the regional economy.
Market professionals should note that this development positions Rio Tinto favorably within the low-carbon transition narrative, potentially enhancing its competitive edge and aligning with growing investor interest in sustainable practices.
Source: nasdaq.com