www.ferro-alloys.com: People's Government of Inner Mongolia Autonomous Region announced 31st, March that it ceases to subsidize price of electricity in nonferrous & ferrous metals industry, effective from 1st January, 2017.
Background: Last May the People's Government of Inner Mongolia Autonomous Region launched a temporary policy that it subsidize industries in accordance with the nation’s industrial policy, the advanced industry technology standards and industrial layout in Inner Mongolia including nonferrous & ferrous metals industry, for RMB 0.01/kwh.
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