China plans 1% cut in aluminum capacity

Apr 12, 2013 | 02:37 PM |

Tags  China aluminum, production cuts, power costs, NDRC, MIIT, CNIA, Wen Xianjun, BHP Billiton Chalco

SHANGHAI — Two months after it vowed to "vigorously" eliminate obsolete facilities, the Chinese government has laid out a plan to eliminate less than 1 percent of the country’s aluminum capacity.

China aims to idle 273,000 tonnes of outdated aluminum capacity this year, the Ministry of Industry and Information Technology (MIIT) said April 11.

The country had 27.65 million tonnes of aluminum capacity at the end of 2012, the ministry noted in a report issued Feb. 16. ....

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