Tsingshan Group Promises Not to Establish New Overseas Coal Power Projects

Published: Sep 22, 2021 16:25
President Xi Jinping attended the General Debate of the 76th UN General Assembly in Beijing by video and delivered an important speech entitled "Strengthen Confidence and Overcome Difficulties to Build a Better World” on September 21.

SHANGHAI, Sep 22 (SMM) - President Xi Jinping attended the General Debate of the 76th UN General Assembly in Beijing by video and delivered an important speech entitled "Strengthen Confidence and Overcome Difficulties to Build a Better World” on September 21.

President Xi stated that relevant authorities should improve global environmental governance to build a community of human and natural life; accelerate the green and low-carbon transformation to achieve green recovery and development; China will strive to achieve a carbon peak by 2030 and carbon neutrality by 2060; China will vigorously support the development of green and low-carbon energy in the developing countries and no longer build new overseas coal power projects.

Tsingshan Group will actively follow the spirit of the important speech of President Xi, and promise not to build new coal power projects in Indonesia and other overseas markets, and will establish hydropower, wind and solar power and other green and clean energy power generation projects. The company focuses on green development by means of making process innovation, building factories on site in mines, creating a circular economy as well as energy saving and emission reduction. In the future, Tsingshan Group will make unremitting efforts for the green and sustainable development of mankind and the construction of a community of human and natural life.

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
High-Grade NPI Smelters Face Profit Pressure Amid Flat Raw Material Prices and Limited Nickel Ore Decline
Apr 3, 2026 19:34
High-Grade NPI Smelters Face Profit Pressure Amid Flat Raw Material Prices and Limited Nickel Ore Decline
Read More
High-Grade NPI Smelters Face Profit Pressure Amid Flat Raw Material Prices and Limited Nickel Ore Decline
High-Grade NPI Smelters Face Profit Pressure Amid Flat Raw Material Prices and Limited Nickel Ore Decline
[SMM Nickel Flash News] Based on the cash cost of high-grade NPI calculated using nickel ore prices from 25 days earlier, profits at high-grade NPI smelters came under pressure during the week, with the sector as a whole remaining in a state of losses or marginal profitability. It is expected that next week, prices of auxiliary materials on the raw material side may remain flat, while the decline in nickel ore prices will likely be limited. High-grade NPI prices will still be under pressure amid back-and-forth negotiations between upstream and downstream, and smelter profits will be unlikely to see any significant improvement.
Apr 3, 2026 19:34
Refined Nickel Prices Decline, High-Grade NPI Discount Narrows; Downward Trend Expected to Continue
Apr 3, 2026 19:31
Refined Nickel Prices Decline, High-Grade NPI Discount Narrows; Downward Trend Expected to Continue
Read More
Refined Nickel Prices Decline, High-Grade NPI Discount Narrows; Downward Trend Expected to Continue
Refined Nickel Prices Decline, High-Grade NPI Discount Narrows; Downward Trend Expected to Continue
[SMM Nickel Flash] This week, the price center of refined nickel moved lower, while high-grade NPI prices remained stable. The average discount of high-grade NPI against refined nickel narrowed to 262.4 yuan/nickel unit. High-grade NPI prices were expected to remain under pressure next week, while refined nickel prices were expected to continue their downward trend. The average discount of high-grade NPI against refined nickel was expected to continue narrowing, and the driver for conversion of NPI to high-grade nickel matte weakened.
Apr 3, 2026 19:31
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Enters Negotiation Phase
Apr 3, 2026 19:30
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Enters Negotiation Phase
Read More
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Enters Negotiation Phase
SMM Nickel Flash: High-Grade NPI Prices Drop, Market Enters Negotiation Phase
[SMM Nickel Flash] The average SMM price of 10-12% high-grade NPI fell WoW by 1 yuan/nickel unit to 1,082.5 yuan/nickel unit (ex-factory, tax included), while the average price of Indonesia's NPI FOB index fell WoW by $0.02/nickel unit to $136.58/nickel unit. The high-grade NPI market generally remained stable, and after the transaction center stabilized, the market entered a state of back-and-forth negotiations between upstream and downstream, with prices under pressure in the short term.
Apr 3, 2026 19:30
Tsingshan Group Promises Not to Establish New Overseas Coal Power Projects - Shanghai Metals Market (SMM)