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

Published: Aug 8, 2017 13:55

Save

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.

Xinfa Group Weiqiao Group china aluminum capacity

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 to learn 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

53 mins ago

CME Increases Margin Requirements for Aluminum Futures Contracts to $5,000 Effective April 3

CME raised the margin requirements for some aluminum futures contracts to $5,000, with the new rules taking effect after the close on April 3 local time.

53 mins ago

54 mins ago

Shandong Lubei Haisheng Launches Green Aluminum Project, Aiming to Save 128,000 mt of Coal Annually

On March 31, the commissioning and trial production of the Green Technological Transformation Project for Aluminum-Based New Materials of Shandong Lubei Haisheng Biological Co., Ltd. was launched. Since construction began in 2024, the project had completed a cumulative investment of 455 million yuan. After the project is fully put into operation, it will save 128,000 mt of standard coal in comprehensive energy consumption annually, significantly improve the level of comprehensive resource utilization, and further consolidate the foundation for the enterprise's alumina capacity of 1 million mt/year.

54 mins ago

Baotou Launches $500M Rare Earth Aluminum Project, Aiming for 100,000 mt Annual Output

Recently, construction officially began on the high-end rare earth aluminum alloy project in the Baotou Jinshan Economic Development Zone, with a total investment of approximately 500 million yuan and annual output of 100,000 mt. The project will be advanced in an orderly manner in two phases. Phase I will build a 30,000 mt high-end rare earth aluminum alloy production line, focusing on technology R&D and capacity release to rapidly achieve scaled-up production. Phase II will expand capacity by 70,000 mt, further extend, supplement, and strengthen the industrial chain, optimize the product mix, increase added value, and support Guyang in building a distinctive high-end rare earth aluminum alloy industrial cluster.

54 mins ago