Alcoa threatens to curtail Quebec smelters

Oct 30, 2013 | 06:03 PM | Michael Cowden

Tags  Alcoa Inc., aluminum, smelters, Quebec, Canada, power rate hike, Hydro-Quebec, Becancour smelter Deschambault smelter

CHICAGO — Alcoa Inc. plans to cut its electricity purchases for its three Québec smelters and could idle production if it doesn’t get a better power deal from Canadian public energy utility Hydro-Québec.

The total capacity theoretically in play could be as much as 953,000 tonnes, according to Alcoa’s website and calculations by AMM.

The move to slash Alcoa’s power purchases in Québec comes because of a rate increase slated to take effect Jan. 1, 2015, that would significantly boost energy costs and make the company’s Québec smelters uncompetitive, the Pittsburgh-based aluminum producer said in an e-mail to AMM Oct. 30.....

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