Furthermore,
Alouette alumina factory turns europe:
Alouette alumina, in Sept-Îles, has drastically reoriented its exports to Europe. Therefore, In the first quarter of 2025. For example, only 4 % of its production was intended for the old continent, a figure which jumped at 57 % in the second quarter between April and June.
This increase in exports to Europe follows the taxation of American customs tariffs of 25 % on steel and aluminum in March. Similarly, These prices increased to 50 % at the beginning of June.
During the visit of Prime Minister François Legault to alumina factory on July 4. Nevertheless, the president and chief executive officer of Alouette, Claude Gosselin, declared that the share of exports to Europe had now reached 80 %.
François Legault visited the Alouette aluminum on July 4 to announce an agreement with Hydro-Québec. (Archives photo)
Photo: Radio-Canada / Alban Normandin
Alouette aluminum, however, said that she did not grant an interview on this subject.
A strategy paid
– Alouette alumina factory turns europe
According to the senior economist at Desjardins. Marc-Antoine Dumont, turning to Europe will allow Canadian alumina facties to diversify their markets. Before prices, more than 90 % of Canadian aluminum exports were intended for the United States.
Suffice to say that we had only one market.. Europe represented around 2 % of our exports.
Although export to Europe results in additional transport and logistics costs, diversification is a strategy paid
According to the economist.
For the economist. the objective is not to replace the United States as a strategic trading partner, but rather to diversify exports in order to reduce dependence on a single market and to minimize the impact of prices.
American prices came mix cards
In a historically very integrated aluminum industry between Canada and the United States, Dumont explains.
This situation reveals more marked dependence on the American side according to the economist. Canada providing around 25 % of their annual aluminum needs.
He stresses that if Canada alouette alumina factory turns europe continues to turn to other markets. Americans will have to get their supplies elsewhere, which will result in higher costs due to distances and logistics.
The United States could try to increase its domestic production. but Marc-Antoine Dumont believes that it will take several years to overcome the challenges related to energy, labor and infrastructure.
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