China's SiMn futures prices surge with Guangxi poised to crack down on 'Two High' projects

August 31, 2021 / www.metalbulletin.com / Article Link

Silico-manganese futures prices in China surged on Monday August 30 after market sentiment was bolstered by expected supply disruptions in Guangxi province, one of the main manganese alloy production regions in the country.

The government of China's Guangxi province is poised to crack down on the "blind development" of its high energy-consuming and high-pollution (Two High) projects to ensure completion of the dual control target in terms of the total amount and intensity of energy consumption in 2021, it said in a conference held on August 30.

This followed a report issued by the National Development and Reform Commission (NDRC) in mid-August, which showed that the total amount and intensity of energy consumption in Guangxi had both risen in the...

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