National Audit Office: Gansu Violates Law in Granting Huge Power Tariff Subsidies to Aluminum Smelters 

Published: Aug 18, 2017 19:27
Gansu, in defiance of central government’s requirement, introduced preferential power tariff policy during 2015-2016, the National Audit Office (NAO) said on its website on August 17.

SHANGHAI, Aug. 18 (SMM) – Gansu, in defiance of central government’s requirement, introduced preferential power tariff policy during 2015-2016, the National Audit Office (NAO) said on its website on August 17.

Aluminum Bulls Watch Out: Crazy Speculations Mask Poor Market Fundamentals, SMM Warns

The province offered a staggering 240 million yuan of power tariff subsidies to local aluminum smelters during 2015-2016, according to the NAO’s website. 

UBS Raises Aluminum Price Forecast on More-than-Expected Closure in China

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 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