Output Cut at Weiqiao Group Sends Big Signal for Aluminum Supply Side Reform, SMM Reports-Shanghai Metals Market

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Output Cut at Weiqiao Group Sends Big Signal for Aluminum Supply Side Reform, SMM Reports

SMM Insight 01:43:32PM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – Shandong Weiqiao Group, China’s aluminum giant, announced to cut aluminum capacity by 250,000 tonnes a few days ago. 

The cutbacks, though small, suggest the Chinese government will continue pushing for aluminum supply side reform, SMM believes. 

MIIT Brings Major Chinese Aluminum Smelters and CNIA Together to Discuss Industry Issues

The reform will proceed much longer than expected, though, SMM understands. 

On the one hand, the government has called an immediate halt to illegal aluminum capacity already existed and under construction. On the other hand, the government allows commissioning and restarts of legal capacity.

New Players Compete for Share in China Bauxite Market 

At the same time, illegal projects under operation that meet certain requirements could be put on file in accordance with regulations.  

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

Output Cut at Weiqiao Group Sends Big Signal for Aluminum Supply Side Reform, SMM Reports

SMM Insight 01:43:32PM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – Shandong Weiqiao Group, China’s aluminum giant, announced to cut aluminum capacity by 250,000 tonnes a few days ago. 

The cutbacks, though small, suggest the Chinese government will continue pushing for aluminum supply side reform, SMM believes. 

MIIT Brings Major Chinese Aluminum Smelters and CNIA Together to Discuss Industry Issues

The reform will proceed much longer than expected, though, SMM understands. 

On the one hand, the government has called an immediate halt to illegal aluminum capacity already existed and under construction. On the other hand, the government allows commissioning and restarts of legal capacity.

New Players Compete for Share in China Bauxite Market 

At the same time, illegal projects under operation that meet certain requirements could be put on file in accordance with regulations.  

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