SHANGHAI, Jun. 7 (SMM) - In order to speed up development of coal-electricity-aluminum industry, the government of Yunnan decided to cut power tariffs for Yunnan Aluminum Co.
The preferential power tariffs are set at 0.2785 yuan/kwh, effective from June 1, 2016 till May 31, 2017. The move will save the company’s aluminum costs by 940 yuan/tonne, SMM estimates.
Yunnan Aluminum Co., whose full cost is estimated at less than 11,000 yuan/tonne, has restarted 50,000-tpy aluminum capacity idled at the end of last year, and plans to bring the rest 150,000-tpy capacity back online, due to rally of aluminum prices compared with late last year and recent power tariff cuts.
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