Guangxi Industrial and Commercial Information Committee helped Laibin Aluminum out of the woods
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Due to fluctuations in the price of aluminum alloys and the increase in electricity prices since the beginning of this year, the cost of electrolytic aluminum production has increased substantially. The production cost of electricity used in electrolyzed aluminum and aluminum strip projects at the Qianjiang Aluminum Industrial Base accounted for more than 40% of the total cost. High electricity prices have become a “bottleneck†that restricts the development of the aluminum industry. At present, due to the high cost of electricity, Laibin Yinhai Aluminum has suffered serious losses. The second phase of the project cannot be built on time, and the scale benefits are difficult to achieve. To this end, Laibin City requested the Guangxi Zhuang Autonomous Region Committee for Industry and Commerce to coordinate and promote the use of Qiaogong Hydropower Station and Laibin Power Plant as the simulated captive power plant of Yinhai Aluminum Company in order to solve the problem of excessively high electricity costs for the guests of Yinhai Aluminum.
After an in-depth understanding of the situation, Shuhua said that the Guangxi Zhuang Autonomous Region Committee on Industry and Information Technology will continue to support the guests and support the guests’ industrial economic development. It will fully assist in solving the current problems that restrict the development of the aluminum industry of the guests, and will strengthen communication and coordination with relevant departments of the autonomous region and seek practical results. Feasible plan, make every effort to help the guests aluminum industry to tide over the difficulties.