The additional 1.6 million tonnes is part of a total 2.57 million tpy of aluminium capacity cuts announced in the notice; the latter figure accounts for 34.7% of the entire 7.41 million tpy aluminium capacity of the affected producers. The total amount of stalled capacity has been calculated by the number of electrolysis cells that have been cut.
The local government has published a detailed list of the producers involved and the capacity that will be cut.
Included in the official list is 500,000 tpy from Shandong Wudi Qixing Tech Aluminium which was believed to have been suspended in March due to the company’s bankruptcy, according to market sources.
Shandong Wudi Qixing Tech Aluminium is working through a bankruptcy reorganisation stage, according to a notice published on the National Bankrupt Enterprises Recombination Cases website.
“It is hard to tell at this stage how much...