Glencore Copper Smelter Rescue Takes Shape as Canada, Quebec Move to Avert Shutdown
Canada may provide about C$150 million to keep Glencore’s Horne copper smelter open as Quebec considers delaying stricter arsenic limits to 2029, sources told Bloomberg. The site accounts for 16% of regional smelting capacity and supports 3,200 jobs. Glencore froze spending in February, citing regulatory uncertainty. The plant faces a class action over emissions and stricter provincial air standards.