Canada allocates 193.3 million Canadian dollars to support the development of its aluminum industry

The Canadian Innovation, Science and Economic Development Department (ISED) announced that it will allocate 193.3 million Canadian dollars from the Strategic Response Fund to support the development of the country's aluminum industry. This funding is expected to strongly support the technology upgrade, capacity optimization, and improvement of market competitiveness for Canada’s aluminum industry. It will also promote further progress in areas such as green low-carbon transformation and high-end product research and development. In addition, it is expected to drive the development of related upstream and downstream industry chains, create more jobs, and promote stable regional economic growth.