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Battery Metals, Steel & Metal
- Canada -

GM Reduces Ontario EV Van Production, Plans Layoffs

General Motors (GM) will halt and then scale back production of its BrightDrop electric delivery van at the Ingersoll, Ontario, assembly plant, leading to nearly 500 layoffs, according to Canada's private sector union Unifor.

Temporary layoffs will begin on April 14, with limited production resuming in May. Operations will then be idled until October 2025, after which the plant will operate on a single shift indefinitely, resulting in the layoffs.

During the downtime, GM plans to retool the facility for its 2026 model-year commercial electric vehicles. Despite selling 274 BrightDrop vans in the first quarter, a 7% increase from the previous year, GM's commitment to the Ontario facility remains uncertain without stronger domestic support and fair market access, Unifor stated.

Unifor National President Lana Payne criticized US tariffs, calling them disruptive to investment and future order projections.

Iron ore futures extend gains as China outlines stricter steel capacity controls

Baosteel Q3 net profit jumps 130% on demand recovery and resilient exports

LME proposes permanent curbs on large nearby positions amid depleted stocks, zinc squeeze

China lifts curbs on Hancock Prospecting’s MB fines purchases, easing iron ore trade friction

China’s CISA mills lift early‑October crude steel output 7.5%; inventories also climb

India’s steelmakers seek relief from import curbs as H1 met coke shortfall widens

China iron ore futures slip; Tangshan concentrate prices steady amid tight supply

Indonesia suspends all scrap metal imports after radioactive contamination detected

Serbia asks EU to exempt it from proposed new steel tariffs and quota cuts

U.S. judge signals approval of Rio Tinto’s $138.75 million Oyu Tolgoi investor settlement

Rio Tinto says strong Q4 needed to hit iron‑ore target after Q3 shipments of 84.3 mt; China demand firm

ArcelorMittal’s M&A chief in South Africa for talks on sale of local unit, sources say

EU plan to halve steel import quotas and double out‑of‑quota tariff to 50% raises Indian export risk

Copper tops $11,000/t on LME as supply disruptions and fund buying lift prices