Latest News Updates From Jacob Lorinc

GovernmentBusiness

Alcoa Says Trump Tariff Added $115 Million in Aluminum Costs

Alcoa., the largest U.S. aluminum producer, said tariffs on imports from Canada cost it $115 million in the second quarter.

July 17, 2025
BusinessTechnologyFuel

Volkswagen Purchases Stake in Lithium Firm for $48 Million

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

December 18, 2024
GovernmentBusinessEquipmentLogistics

Miners Tap Trucks to Sidestep Canada's Rail Stoppage

Two mining giants are rerouting shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations.

August 22, 2024
Business

Cleveland-Cliffs to Buy Canada’s Stelco for $2.8 Billion

Cleveland-Cliffs agreed to buy Canadian steelmaker Stelco Holdings for about $2.8 billion, in the company’s first major move after losing out in its bid for U.S. Steel Corp. last year.

July 15, 2024

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