Ministries And Commissions Of The NDRC And Other Ministries Intend To Stop The 70 Billion Electrolytic Aluminum Project.

Su Bo, Vice Minister of the Ministry of industry and commerce, revealed at an industry internal meeting 8 days ago that Development and Reform Commission The eight ministries and commissions of the Ministry of industry and Commerce will jointly issue documents and will halt the proposed electrolytic aluminum project. Insiders said that this document will make about 70000000000 yuan. Electrolytic aluminum Planned investment projects aborted.

　　 Overcapacity VS market shortage

"This document was originally scheduled for release in March, which has been delayed." People familiar with the matter said Ministry of industry and information technology The clean up of the proposed electrolytic aluminum project comes from a report received by the State Council before the Spring Festival this year. The report said that the domestic aluminum electrolytic production capacity of only 60% of the operation, there is an excess capacity.

Since then, the Ministry of industry and Commerce has made a special report on this. The report quoted the National Bureau of statistics as the figure. In 2010, the total output of electrolytic aluminum in China was 15 million 650 thousand tons, while the national electrolytic aluminum production capacity was about 21 million tons. There was an overcapacity phenomenon, such as Xinjiang and other places.

However, the industry has different views on the excess capacity of electrolytic aluminum. According to the statistics of China Nonferrous Metals Industry Association, the output of electrolytic aluminum in China was 16 million 190 thousand tons in 2010. Taking into account the limitation of the statistical scope of the association, the industry generally believed that the actual output of electrolytic aluminum last year was between 1750-1780 tons. There is a gap of 2 million tons between the figure and the Bureau of statistics. It is this gap that makes the conclusion of "excess capacity" in the industry does not seem to be valid.

"In fact, last year, the domestic aluminum consumption market was a shortage market, or a de stocking market," experts from the aluminum industry said to China Securities Journal.

However, different voices in the industry do not seem to prevent the issuance of documents. It is understood that at present, China has invested about 20000000000 Yuan in the construction of electrolytic aluminum and invested about 70000000000 yuan in the proposed project.

　　 Comprehensive shutdown of VS western spanfer

It seems that a decree of ministries and commissions of the NDRC and other ministries and commissions also contradicts the "12th Five-Year" development plan of the nonferrous industry. Kang Yi Zeng, who has just stepped down as chairman of the China Nonferrous Metals Industry Association, pointed out that during 12th Five-Year, the non-ferrous metal industry will further optimize the layout through the guidance of industrial policies, and strictly control new smelting projects in areas where resources and environmental capacity are not guaranteed. Among them, the capacity of electrolytic aluminum will be spanferred to the West orderly.

Dan Guibin, an analyst at Aladdin aluminum industry, a consultancy, said that the current domestic electrolytic aluminum projects are mainly concentrated in the western region, especially in the provinces with lower electricity costs, such as Gansu, Xinjiang and Inner Mongolia.

If the Ministry of industry and information has halted all the proposed electrolytic aluminum projects, the goal of shifting the capacity of electrolytic aluminum production to the West in the "12th Five-Year" period may not be achieved.

In addition, according to Kang Yi, the non-ferrous metals industry will be dominated by controlled development during the "12th Five-Year" period. The main goal of the 12th Five-Year development plan of the nonferrous metals industry is to optimize the industrial structure, improve the quality and efficiency of the development of the nonferrous metals industry, and effectively control the excessive growth of the smelting capacity. During the period of 12th Five-Year, the added value of non-ferrous metals industry (comparable price) increased by 10% annually, and the annual average growth rate of ten non-ferrous metals output was controlled by about 8%. In addition, the industrial structure will be further upgraded. In 2015, the production capacity of electrolytic aluminum with self owned electricity and direct purchase will reach more than 90%. The proportion of copper smelting and electrolytic aluminum equipment reaching the advanced level of the world will be over 95%, and the advanced level of lead-zinc smelting will reach over 85%.