U.S. tariffs and the strength of aluminum in Arvida [BNN Bloomberg (Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: BNN Bloomberg
It sits in an area that has now found itself on the map of electoral concerns. It is the heart of aluminum production in North America, a sector hit by a 25 per cent tariff by the U.S. There are concerns here for the aluminum industry that has seen generations of workers earn a living in the region. Marcel Tremblay worked as a mechanic at what was then Alcan and is now Rio Tinto. His father worked at the company before him, as did his grandfather. “My grandfather came to work here and was among the first workers. The company made a deal that they would also hire his children, so my father and his brothers went to work there,” he says. “Then I was there for nearly forty years.” He says he is now concerned about the economy and wants to ensure his grandchildren have a good life here in Canada. The powerful rivers of the area are ideal for the production of hydroelectricity and that is what drew American Arthur Vining Davis to the region. He opened an aluminum plant and th
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