Chongqing Proposes Incentives for Advanced Materials Industry Upgrades, Including Subsidies and Rewards

Published: Sep 4, 2026 11:56

Save

Recently, the Chongqing Municipal Commission of Economy and Information Technology issued a public consultation on the "Several Policies for Promoting Structural Optimization and Upgrading of Advanced Materials Industry in Chongqing (2026-2030) (Draft for Comments)."

It proposes that for integrated or purchased new capacity used to complete aluminum replacement projects, where energy efficiency reaches the benchmark level and environmental protection performance reaches Grade A, a one-time reward of 30 yuan per (mt/year) of capacity will be granted, capped at 10 million yuan.

From 2026 to 2028, subsidies of 3 million yuan per unit will be granted for retiring converters below 100 mt and electric arc furnaces below 100 mt (50 mt for alloy steel), 2 million yuan per unit for retiring outdated and inefficient captive coal-fired generating units, and 2 million yuan for retiring independent carbon used in aluminum production projects below 150,000 mt/year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

14 mins ago

Limited cost fluctuations and mild demand recovery keep ADC12 prices mostly stable [ADC12 Price Daily Review]

[ADC12 Price Daily Review: Limited Cost Fluctuations, Mild Demand Recovery, ADC12 Remains Stable] The ADC12 market remained generally stable today. On one hand, aluminum prices and aluminum scrap raw material prices fluctuated relatively little overall today, with limited changes on the cost side, providing insufficient impetus for enterprises to adjust prices; on the other hand......

14 mins ago

1 hour ago

Aluminum prices pull back slightly, weak tone unchanged [SMM South China spot aluminum daily review]

1 hour ago

Wanfeng Auto Reports H1 2026 Revenue and Profit Decline, Focuses on Sustainable Aluminum/Magnesium Alloys

On August 25, Wanfeng Auto Wheel disclosed its 2026 semi-annual report. In H1 2026, the company achieved total operating revenue of 7.481 billion yuan, down 0.18% YoY; net profit attributable to the parent company was 418 million yuan, down 16.46% YoY. The company's lightweight metal parts products focus on aluminum/magnesium alloys. Among them, the annual capacity of lightweight aluminum alloy wheels exceeds 44 million sets, committed to the R&D, manufacturing, sales, and after-sales service of high-end aluminum alloy wheels for automobiles and motorcycles, achieving a global leading position in the segment. During the reporting period, the company continued to promote low-carbon and environmentally friendly production and the comprehensive application of green energy, advancing the replacement of thermal power-based aluminum with hydropower-based aluminum and the use of secondary aluminum.

1 hour ago