China Tightens Rules on Alumina Expansion to Tackle Overcapacity
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China tightened rules on building new alumina plants, in a bid to tackle overcapacity that has caused a plunge in prices in the world’s top metals market.
Companies won’t be allowed to build new alumina plants in heavily polluted areas, according to an aluminum industry development plan for 2025-2027 issued by the Ministry of Industry and Information Technology on Friday. Alumina is made from bauxite, which is usually imported, and is the key feedstock for aluminum, the most widely used metal.