Alcoa plans to idle its Canadian three Quebec smelter capacity if the company fails the power agreement with the Canadian public unit Hydro-Quebec energy. In theory, the total capacity of three smelters is 953000 tons. Alcoa has demanded for the cut of electricity prices because the entry into force of a tax rate on January 2015 will be significantly increase energy costs and the smelter wills completely lost competitiveness. Three smelters are Bécancour, Deschambault and Baie-Comeau smelter respectively.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=66921&division=A9
