November 5, 2025
Glencore Closure Heightens Stakes in Anglo-Teck Review
Glencore’s plan to wind down the 97-year-old Horne smelter in Rouyn-Noranda, Quebec, leaves Canada on the brink of losing its largest source of refined copper metal just as Ottawa tries to brand the country a critical-minerals hub. The London-listed miner told Reuters it is “not currently considering the closure of the Horne smelter or CCR,” yet two sources say shutdown preparations are under way as modernization costs could top C$270 million per a Glencore spokesperson. If the taps do turn off, domestic output would fall by roughly 17 percent, according to federal trade data, and buyers south of the border
