SHANGHAI, Mar. 12 (SMM) – The government of Jiangsu plans to continue to phase out less efficient capacity in lead-acid battery and rare earth sectors in 2015 after making progress in tackling excess capacity last year, China Rare Earth Information Net reported.
About 7.49 million KVAH of lead-acid battery and 12,000 tpy of rare earth capacities were targeted for elimination last year, which should save 558,000 tce of energy and cut 2,700 tonnes of sulfur dioxide emission.
According to Jiangsu’s five year plan for tacking excess capacity, more rare earth and lead-acid battery capacities in the province will be phased out this year. Local authority has decided to eliminate 1.5 million tpy of steelmaking capacity in 2015, and the targets for rare earth and lead-acid battery sectors are not yet released.
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