Shandong Aluminum Industry to Get Government Support, SMM Reports

Jul 6, 2016 09:34

Source:SMM

The government of Shandong, among China’s top three aluminum producing regions, recently released a document that will offer financial support to real economy.

SHANGHAI, Jul. 6 (SMM) –The government of Shandong, among China’s top three aluminum producing regions, recently released a document that will offer financial support to real economy.

According to the document, financial institutions are encouraged to offer timely and strong support to technical upgrade projects in traditional industries, including aluminum, steel, cement, etc. Besides, financial institutions are also guided to adopt various measures such as relending, extended loans and asset swap to help companies in traditional industries that have strong orders, famous brand, good profit, who face temporary cash tightness.

Aluminum capacity in Shandong takes up 22.5% of China’s total capacity. The latest move will help local aluminum smelters by reducing their financing costs and difficulties, SMM pointed out.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

shandong aluminum capacity

aluminum prices

For queries, please contact William Gu at williamgu@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Shandong Aluminum Industry to Get Government Support, SMM Reports

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo