Home / Metal News / Capital of Secondary Aluminum Projects Must Account for at Least 35% of Total Investments

Capital of Secondary Aluminum Projects Must Account for at Least 35% of Total Investments

iconJan 31, 2013 11:37
Source:SMM
The Ministry of Industry & Information Technology (MIIT) issued January 28 the Modified Entrance Requirement for Aluminum Industry 2012 (Draft for Soliciting Opinions).

SHANGHAI, Jan. 31 (SMM) – The Ministry of Industry & Information Technology (MIIT) issued January 28 the Modified Entrance Requirement for Aluminum Industry 2012 (Draft for Soliciting Opinions). The draft has added guidelines regarding what facilities are encouraged to be adopted compared with the 2007 version.  

According to the draft, capacities of new secondary aluminum projects must reach 100,000 mt/yr or above, compared with 50,000 mt/yr in capacities as stipulated in the previous version. Besides, the capital required must account for at least 35% of total investments.

SMM notes that the doubling of capacities required means more capital must be injected. Combined with the requirement on capital, only producers with strong financial strength are qualified to build secondary aluminum projects.

The MIIT, Ministry of Science & Technology and Ministry of Finance jointly issued the Plan on Development of Secondary Nonferrous Metal Industries as early as 2011, emphasizing industry concentration. A small number of leading enterprises will dominate secondary aluminum industry in the future. This will not only facilitate management with advanced technology, but also help stabilize market prices, thereby promoting sustainable consumption of nonferrous metals in China.  
 

entrance requirement
China
secondary aluminum

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

SMM Events & Webinars

All