CEO Alfredo Barrios says investment awaiting a rebound in aluminium prices.
Will focus on higher-cost plants as it confronts low prices.
Canadian manufacturers allege harm to their businesses, including lost sales and jobs.
IBC Advanced Alloys has signed an exclusive supply contract potentially worth $12 million over three years to provide investment-cast engineered components to a global manufacturer of high-technology assembly equipment.
Novelis plans to significantly reduce its carbon footprint by expanding the use of recycled aluminum, increasing post-consumer recycling and developing new alloys with high recycled content.
Alcoa is investing about $100 million in its four Quebec facilities, but there’s a strike brewing at Alcoa’s Kawneer Manufacturing division in Alberta.