EQS-News: AMAG Austria Metall AG / Key word(s): Letter of Intent
AMAG Austria Metall AG: Trend-setting electricity contract for Alouette
smelter in preparation
04.07.2025 / 18:49 CET/CEST
The issuer is solely responsible for the content of this announcement.
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Ranshofen, 04 July 2025
AMAG Austria Metall AG: Trend-setting electricity contract for Alouette
smelter in preparation
• Agreement on framework conditions for new long-term electricity
contract between Alouette smelter, Québec government and state-owned
electricity provider Hydro-Québec
• New electricity contract to enable the purchase of a total of 1,085 MW
from 01 January 2030 to the end of 2045 at competitive prices
• Essential basis for profitable further development of the largest
aluminium smelter in North and South America
• Existing electricity contract expires as planned at the end of 2029
The shareholders of the Canadian aluminium smelter "Aluminerie Alouette
Inc." (Alouette), in which AMAG Austria Metall AG (AMAG) holds a 20%
stake, the government of the Canadian province of Québec and the
state-owned electricity provider Hydro-Québec have today agreed on key
framework conditions for a new long-term electricity contract. A
Memorandum of Understanding (MoU) has been signed, on the basis of which
the contract is now being finalised.
The new electricity contract is intended to enable the purchase of 1,035
MW from 01 January 2030 to 31 December 2045. In addition, 50 MW, divided
into two tranches of 25 MW each, will be made available for further
organic growth.
The electricity price depends on the aluminium price and the Midwest
premiums (risk-sharing contract), as regulated in the current electricity
contract. The conditions set out in the Memorandum of Understanding thus
guarantee Alouette's long-term energy supply at competitive prices.
Claudia Trampitsch, Chief Financial Officer of AMAG and responsible for
the aluminium smelter business as a member of the Alouette Owners'
Committee: "Our strategic investment in the Alouette smelter is an
integral part of the AMAG Group's business model. On the one hand, it
secures the supply of primary aluminium for the AMAG Ranshofen site, and
on the other, it strengthens the profitability of the AMAG Group. The
agreement on key framework conditions for the new electricity contract
lays the foundation for the profitable further development of our globally
leading aluminium smelter over the next 20 years.”
By concluding a new electricity contract, Alouette is committing to
investments that will support the sustainable and profitable development
of the company over the coming years. They are fully in line with the
aluminium smelter’s strategic corporate goals and relate primarily to
technological progress as well as the environment, energy efficiency and
automation.
With a total annual capacity of over 620,000 tonnes of primary aluminium,
Alouette is the largest aluminium smelter in the Americas. Production
takes place through the efficient use of electrical energy from
hydroelectric power with an extremely low CO(2)( )footprint. The aluminium
smelter is located in Sept-Îles in the Canadian province of Québec and has
around 950 employees.
About the AMAG Group
AMAG is a leading Austrian premium supplier of high-quality aluminium cast
and rolled products, which are used in a wide range of industries such as
the aircraft, automotive, sporting goods, lighting, mechanical
engineering, construction and packaging industries. The Canadian Alouette
smelter, in which AMAG holds a 20% stake, produces high-quality primary
aluminium with an exemplary environmental footprint. AMAG components,
based in Übersee am Chiemsee (Germany), also manufactures ready-to-install
metal parts for the aerospace industry.
Investor contact Press contact
Mag. Christoph M. Gabriel, BSc MMag. Alexandra Hanischläger, MBA
Head of Investor Relations Head of Communication and Marketing
AMAG Austria Metall AG AMAG Austria Metall AG
Lamprechtshausener Straße 61 Lamprechtshausener Straße 61
5282 Ranshofen, Austria 5282 Ranshofen, Austria
Phone: +43 (0) 7722-801-3821 Phone: +43 (0) 7722-801-2673
Email: investorrelations@amag.at Email: publicrelations@amag.at
Website: www.amag-al4u.com
NOTE
The forecasts, plans and forward-looking assessments and statements
contained in this publication were made on the basis of all information
available to AMAG at the present time. If the assumptions on which the
forecasts are based do not materialise, targets are not achieved or risks
occur, actual earnings may differ from those currently anticipated. We
assume no obligation to revise such forecasts in the light of new
information or future events.
This publication has been prepared and the data checked with the greatest
possible care. However, rounding, transmission or printing errors cannot
be ruled out. In general, rounding may result in discrepancies in the
values, totals and percentages shown. In particular, AMAG and its
representatives accept no guarantees for the completeness and accuracy of
the information contained in this publication. This publication is also
available in English; in cases of doubt, the German-language version shall
prevail.
This publication does not constitute a recommendation or invitation to buy
or sell securities of AMAG.
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04.07.2025 CET/CEST This Corporate News was distributed by EQS Group.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: AMAG Austria Metall AG
Lamprechtshausener Straße 61
5282 Ranshofen
Austria
Phone: +43 7722 801 0
Fax: +43 7722 809 498
E-mail: investorrelations@amag.at
Internet: www.amag-al4u.com
ISIN: AT00000AMAG3
WKN: A1JFYU
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart; Vienna Stock Exchange (Official Market)
EQS News ID: 2165582
End of News EQS News Service
2165582 04.07.2025 CET/CEST
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