Story perspectives

Glencore Halts $1 Billion Smelter Investment Amid Lawsuit

2/4/2026

Summary

Story summary

Glencore has suspended nearly $1 billion in planned investments at the Horne Smelter in Rouyn-Noranda, Quebec, due to regulatory uncertainty.
It aimed to reduce arsenic emissions but said investing without stable conditions would be irresponsible.
The smelter, operating since 1927, could close by March 2027 if it fails to meet permit requirements.
A class-action lawsuit has been authorized against Glencore and the provincial government over alleged environmental violations.

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Story summary

Glencore has suspended nearly $1 billion in planned investments at the Horne Smelter in Rouyn-Noranda, Quebec, due to regulatory uncertainty.
It aimed to reduce arsenic emissions but said investing without stable conditions would be irresponsible.
The smelter, operating since 1927, could close by March 2027 if it fails to meet permit requirements.
A class-action lawsuit has been authorized against Glencore and the provincial government over alleged environmental violations.