Rio Tinto(US:RIO) Zhi Tong Cai Jing·2025-07-03 03:11Group 1 - Aluminerie Alouette, an aluminum manufacturer partially owned by Rio Tinto, plans to invest up to 1.5 billion CAD (1.1 billion USD) for modernization of its plant in Northern Quebec [1] - The company has reached a new electricity supply agreement with Hydro-Quebec, the provincial government’s electricity supplier [1] - This investment is seen as positive news for the aluminum industry, which is facing pressure from U.S. tariffs on aluminum imports [1] Group 2 - The U.S. has imposed a 50% tariff on imported aluminum, which is expected to impact U.S. aluminum-consuming companies, such as Constellation Brands Inc., which anticipates a loss of approximately 20 million USD in the remaining fiscal year due to these tariffs [1] - Canada is the largest aluminum supplier to the U.S., and the U.S. lacks sufficient domestic aluminum smelting capacity to meet its demand [1] - Quebec produces 70% of North America's aluminum, highlighting its importance in meeting U.S. demand [1]