Iron ore price extends gains on China stimulus hopes
A highly anticipated third plenum that started from Monday will outline efforts to promote advanced manufacturing.
China has called on central and provincial authorities to stop approving the construction of new aluminium smelting capacity as over-capacity in the industry is expanding.
Nine ministries and departments jointly issued an urgent circular reinforcing Beijing’s policy to restrict aluminium capacity expansion. The circular was published on the website of the Ministry of Industry and Information Technology on Wednesday. (www.miit.gov.cn).
Picture, a German aluminium coin from the time of the hyperinflation, is from Images of Elements.
