Breaking News: Weiqiao Group and Xinfa Group Ordered to Close Illegal Aluminum Capacity

Published: Aug 08, 2017 13:55 (GMT+8)
Shandong Development & Reform Commission recently issued Shandong 2017 Coal Consumption Reduction Work Action Program.

SHANGHAI, Aug. 8 (SMM) – Shandong Development & Reform Commission recently issued Shandong 2017 Coal Consumption Reduction Work Action Program.  

Chinese Aluminum Smelters Report Higher Profit and to See Costs Fall, SMM Reports

According to the program, Weiqiao Pioneering Group and Xinfa Group were ordered to shut down 2.68 million tonnes and 530,000 tonnes, respectively, of illegal aluminum capacity before the end of July 2017.

When Will China Aluminum Stocks Peak After Hitting Record High? SMM Reports

Meanwhile, these two companies were also required to shut down coal-fired power generating units built in support of these illegal aluminum capacities. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

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

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Deep Cooperation | CITIC Dicastal Joins Hands with SMM Trading Center to Launch Online Bidding for 2027 Annual Aluminum Ingot Long-Term Agreements
12 hours ago
Deep Cooperation | CITIC Dicastal Joins Hands with SMM Trading Center to Launch Online Bidding for 2027 Annual Aluminum Ingot Long-Term Agreements
Read More
Deep Cooperation | CITIC Dicastal Joins Hands with SMM Trading Center to Launch Online Bidding for 2027 Annual Aluminum Ingot Long-Term Agreements
Deep Cooperation | CITIC Dicastal Joins Hands with SMM Trading Center to Launch Online Bidding for 2027 Annual Aluminum Ingot Long-Term Agreements
12 hours ago
SHFE Cast Aluminum Alloy Warrant Volume Decreases by 272 mt to 9,367 mt on November 4
14 hours ago
SHFE Cast Aluminum Alloy Warrant Volume Decreases by 272 mt to 9,367 mt on November 4
Read More
SHFE Cast Aluminum Alloy Warrant Volume Decreases by 272 mt to 9,367 mt on November 4
SHFE Cast Aluminum Alloy Warrant Volume Decreases by 272 mt to 9,367 mt on November 4
[SMM Flash] SHFE data shows that on November 4, the total registered warrant volume for cast aluminum alloy was 9,367 mt, a decrease of 272 mt from the previous trading day. Specifically, the total registered volume in Shanghai was 329 mt, a decrease of 0 mt from the previous trading day; in Guangdong, the total registered volume was 0 mt, an increase of 0 mt from the previous trading day; in Jiangsu, the total registered volume was 2,077 mt, a decrease of 91 mt from the previous trading day; in Zhejiang, the total registered volume was 2,601 mt, a decrease of 181 mt from the previous trading day; in Chongqing, the total registered volume was 4,351 mt, an increase of 0 mt from the previous trading day; and in Sichuan, the total registered volume was 0 mt, an increase of 0 mt from the previous trading day.
14 hours ago
Dongman Aluminum Supports SMM in Creating the "2027 SMM National Low-Carbon Cast Aluminum Alloy Enterprise Distribution Map"
15 hours ago
Dongman Aluminum Supports SMM in Creating the "2027 SMM National Low-Carbon Cast Aluminum Alloy Enterprise Distribution Map"
Read More
Dongman Aluminum Supports SMM in Creating the "2027 SMM National Low-Carbon Cast Aluminum Alloy Enterprise Distribution Map"
Dongman Aluminum Supports SMM in Creating the "2027 SMM National Low-Carbon Cast Aluminum Alloy Enterprise Distribution Map"
15 hours ago