Glencore Denies Plans to Close Canada's Largest Copper Smelter Amid Cost, Environmental Concerns

Glencore has denied reports from Reuters and other sources claiming it plans to close its Horne Smelter in Rouyn-Noranda, Quebec, and the Canadian Copper Refinery (CCR) in Montreal East, emphasizing that no such closure plans currently exist. While environmental concerns and the significant investment required for modernization—estimated at over $200 million—pose challenges, Glencore asserts its commitment to advancing emissions reduction initiatives and working with stakeholders to sustain operations amid global financial and regulatory pressures. The Horne Smelter and CCR refinery remain vital in supplying critical raw materials to North American and international markets, despite recent controversies around contaminant discharges and ongoing legal disputes related to environmental compliance. Glencore acknowledges the pressures faced by smelters worldwide but continues to focus on environmental responsibility and operational sustainability. Both facilities employ over 1,000 workers and are considered essential to the regional economy and global copper supply chain. The evolving situation reflects the tension between environmental regulation demands and the economic importance of maintaining these industrial operations.