[North American companies plan to restart Point Lisas steel plant in Trinidad and Tobago]

Published: Jul 16, 2026 16:10

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The government of Trinidad and Tobago is in talks with US-based Pinnacle Steel and Canada's Vanadium Corp over a concession to operate the former Point Lisas steel plant. The project will be developed under an MoU with plant landowner PLIPDECO, providing a framework for negotiations, feasibility studies, and upgrades. The government said the project could make Trinidad and Tobago a vanadium producer, meeting up to 50% of US demand. The Steel Workers Union supports the restart but is concerned about being excluded from talks.

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