China to ban new capacity of metals in some areas; power crunch eases

China will ban the creation of additional capacity for some energy-intensive industries - including for steel, coke, alumina and aluminium - in a bid to control pollution, the state council said in a guideline issued on Sunday November 7.

The guideline did not specify the areas to be subject to the ban or the date that the measures will take effect.
This comes alongside the statement that the supply and demand of power in areas operated by the State Grid Corporation of China have returned to normal, indicating better support of coal's supply and price, according to the state grid.

The aluminium front month price on the Shanghai Future Exchange inched up to 18,980 yuan ($2,969.3) per tonne on Monday November 8, up by 1.9% from its...

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