Thanks for mentioning titanium. Obviously, in addition to the applications you mentioned, it's greatly used in the aerospace industry, because of its light weight and other properties. Titanium is a very good addition to the Canadian industrial landscape.
The aluminum and steel industry always had a concern, but I've not gone in depth into this Rio Tinto investment. Hopefully, that's very good news.
I've had previous concerns. Several times I've spoken in the House of Commons of there being 100% foreign-owned companies in the aluminum and steel sectors. There was no capital addition. I know there has been modernizing. We have green steel; we've green aluminum, etc., but there has been no additional installed capacity during the last 20 years, although maybe now things are changing.
The steel and aluminum companies are not exporting beyond the North American market—that's my concern. We have the talent, as you rightly highlighted, and we have the natural resources; however, we have to go out to the world market.
On aluminum, if I'm not wrong, beyond the North American market, maybe they export some small portion to Europe, but I don't think they're exporting anywhere in the Indo-Pacific region. It's the same with the steel industry. If I can remember, the installed capacity of that industry has been around 17.5 million tonnes for the last 20 years. There is no growth in the installed capacity. I always say that economic security is national security. Is the 100% foreign ownership of these two critical sectors stalling our growth in the installed capacity?