China’s richest regions cut electricity prices to protect industries

Quick Summary:

More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers.

But the drop in power prices mandated by local authorities will weigh on margins across the supply chain.

China’s Zijin Mining Group Co.aims to start producing lithium in the Democratic Republic of Congo early next year from one of the world’s largest deposits of the battery metal.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesChinaCongoJapan

Topics: Been Prices World’s Percent Power Coal Chinese Year Profits According China’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 11:55:11 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 497 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 24974347

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 21 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 19 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

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Publisher ID: #37

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