China Development and Reform Commission plans to cancel subsidies for electricity prices in the aluminum industry

China’s National Development and Reform Commission announced that it plans to cancel all subsidies for electricity prices in the aluminum industry by the end of this year.

And the National Development and Reform Commission will cancel the ferroalloy industry electricity price subsidy before October 20, 207. Its purpose is to limit the unconstrained use of electricity in heavy industry.

As far as the aluminum industry is concerned, this is another macro-control measure in Beijing to curb the “blind” investment in China's aluminum industry.

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