China acts to curb aluminum capacity expansions

China’s Ministry of Industry & Information Technology (MIIT) issued Capacity Substitution Program in Industries Suffering Overcapacity, including aluminum, demonstrating the central government’s determination to rein in blind capacity.

Capacity Substitution is conducted in two forms: full substitution and partial substitution.

Under full capacity substitution, companies must retire outdated or surplus capacity that is equal to new capacity to be built prior to the launch of new projects. Under partial capacity substitution, companies must retire outdated or surplus capacity that is in excess of new capacity to be built prior to the launch of new projects.

Full capacity substitution shall apply to industries suffering overcapacity in environmentally sensitive areas, such as Beijing, Tianjin, Hebei, Shanghai, Zhejiang, Guangzhou, Shenzhen, Zhuhai, Foshan, Jiangmen, Dongguan, Zhongshan, Huizhou and Zhaoqing.

The Program shall run through December, 31, 2017.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.