China Trade Information

The National Development and Reform Commission (NDRC) in China has announced there will be further restriction on aluminum smelting sector investment for the rest of this year.

China has restricted the investment on aluminum smelting sector growth rate to 9.6 percent in 2006. But the investment has been 124.2 percent up for the first two months in 2007 compared to it in the same period by 2006.

The oversupply and falling prices of aluminum in the domestic market has aroused the government’s high attention.

The NDRC has released an aluminum industry restructure guideline and asked local governments to start investigation and stop illegal aluminum smelting, processing and mining projects accordingly.

Tags: NDRC

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