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

18 hours ago

US-Iran Joint Military Escalation May Pose Multiple Shocks to Global Primary Aluminum Supply Chain [SMM Analysis]

The Middle East turmoil triggered by the US-Iran conflict has become the major geopolitical black swan for the global primary aluminum market, potentially causing millions of tonnes of supply disruptions and raising smelting costs. Coupled with risk aversion, aluminum price volatility may intensify.

18 hours ago

19 hours ago

US-Iran Joint Military Escalation May Pose Multiple Shocks to Global Primary Aluminum Supply Chain [SMM Analysis]

The Middle East turmoil triggered by the US-Iran conflict became the largest geopolitical black swan for the global primary aluminum market, potentially causing supply disruptions at a scale of millions of mt, while also pushing up smelting costs. Coupled with market risk-averse sentiment, the volatility of aluminum prices may be amplified. Going forward, it is necessary to remain vigilant against risks such as escalation of conflicts, strait blockades, and raw material supply interruptions, as well as further impacts on aluminum prices from macroeconomic disturbances, and to prudently address the operational and investment risks brought about by fluctuations in the supply chain.

19 hours ago

20 hours ago

2026 Overview of Aluminum Plate/Sheet, Strip and Foil Enterprises Resuming Work After Chinese New Year [SMM Analysis]

[SMM Analysis: An Overview of the Resumption of Work for Aluminum Plate/Sheet, Strip and Foil Enterprises After the 2026 Chinese New Year] Looking ahead, as the industry moves past the holiday impact following the Lantern Festival, coupled with the approaching peak season of "Golden March and Silver April" and the "rush to export" window brought about by adjustments in battery export tax rebate policies, the operating rate of the industry is expected to steadily rebound in late March.

20 hours ago