Key Chinese Metals Hub to Curb Output to Save Power, Cut Carbon
- The province target’s include steel and aluminum production
- Aluminum prices have risen almost 50% over the past year
Rolls of sheet aluminium at a factory in Nanning, Guangxi region.
Source: STR/AFP/Getty Images
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China’s southwestern province of Guangxi, a major metals producer, will cut output of energy-intensive materials in response to Beijing’s campaign to save power and restrain emissions, according to people familiar with the situation.
Local government officials gathered earlier Monday to decide on the plan, which will affect output over the rest of the year, said the people, who asked not to be identified as they aren’t authorized to speak publicly. The meeting followed comments last week from Vice Premier Han Zheng, who called for nationwide curbs on industrial activities that produce too much pollution or fail energy-intensity standards.