SHANGHAI, Mar. 30 (SMM) – Shandong, among China’s top three aluminum producing provinces, will get tougher on weeding out excess aluminum capacity this year, China Nonferrous Metals News reported.
“New aluminum projects shall not be approved unless being swapped with aluminum elimination projects of larger scale. Aluminum projects under construction that violate regulations shall be properly handled, while existing aluminum projects that violate regulations shall be ordered to shut down for correction,” Qian Huantao, director of Shandong Economic & Information Commission, was quoted by China Nonferrous Metals News as saying in an interview.
The provincial government will make plans for elimination of outdated aluminum capacity. Those companies that fail to meet entrance requirement shall be subject to differential and punitive power tariffs, as well as punitive water tariffs, Qian added.
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