Metals News
Government Crackdowns to Affect Mainly Private Aluminum Smelters with Captive Power Plants, SMM Says
smm insight
02:47PM
Jul 31,2017
Source:SMM

SHANGHAI, Jul. 31 (SMM) – China’s National Development & Reform Commission (NDRC) and National Energy Administration (NEA) issued Notice on Carrying out Special Checks on Standard Construction and Operations of Coal-Fired Captive Power Plants in May this year.

Rusal Sees Additional Massive Aluminum Closures in China Before End of 2017

The Notice urged aluminum smelters with captive power plants to pay government funds and surcharges in arrears.

SMM Sees Aluminum as Worst Performer among Base Metals 

SMM learned the money owed is small among SOEs, but high among private smelters. SMM expects the average power cost to increase 0.02 yuan/kwh at smelters that need to pay government funds and surcharges owed.  

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