Power price peg for Chinese aluminum smelters

Jan 20, 2010 | 12:47 PM |

Five aluminum smelters in southwest China's Sichuan province have been allowed to buy electricity at prices linked to the price of aluminum, according to the country's official Xinhua News Agency.

"It's quite significant that these private smelters won't need to buy from the state grid regardless of volatility in changing aluminum prices. It could be very helpful to help aluminum producers to control production costs," according to a Beijing-based analyst.....

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