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

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.