"The company will invest $US758 million in its Canadian aluminium smelters, with the bulk of this to be spent on completing the first phase of a plant using specialist AP60 technology in Saguenay-Lac-Saint-Jean, Quebec.5 billion modernisation of the Kitimat smelter in British Columbia."The projects we're pushing are the modernisation and brownfield projects, the ones that are really having massive impact on our cost structure."We'll be a bit cautious until inventories come down to a normal level and we're clear that we will move on the projects first that are very transformational from a cost perspective.The planned modernisation at Kitimat will turn the smelter into a state-of-the-art plant."We remain cautious about the medium term, but very bullish about the long term -- it's clear that the demand story for aluminium is very strong," she told Dow Jones Newswires.Rio Tinto will also invest an additional $US300m for further construction in preparation for the $US2.Visit more:grade 2 titanium sheet.

Speaking as the company announces a program of expansion at its Canadian smelting operations, Rio Tinto Alcan's chief executive, Jacynthe Cote, said the company would continue to pursue an active strategy Modern leather grain Roller Coating Aluminium Sheets of managing its assets.Rio Tinto cautious on aluminium outlook Posted by tjdetai on December 5th, 2015Rio Tinto Alcan remains positive about the long-term outlook for the sector despite some medium-term caution, a senior executive at the company said.The AP60 project will enable the company to close an older smelter, Arvida, and replace it with a much lower cost one that is fully expanded and more environmentally friendly, Ms Cote said.AP technology, developed by Rio Tinto's aluminium division, is designed to improve energy efficiency and reduce production costs