Global aluminum giant Rio Tinto PLC RIO-N is not facing liquidity issues, the head of the Aluminium Association of Canada told The Globe and Mail, only days after Industry Minister Mélanie Joly said the federal government was in talks to provide financial assistance to Rio. Isabella Orozco-Madison, her spokesperson, said in a statement Monday that the federal government has invested significant funding in the future of the aluminum industry through the Strategic Innovation Fund. Ms. Joly in June told The Globe and Mail that Ottawa is ready to provide low interest loans through its Large Enterprise Tariff Loan facility for large companies in the aluminum and steel sectors affected by the tariffs.
Author: Niall Mcgee
Published at: 2025-07-07 22:27:58
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