China has agreed to join a global forum to monitor the status of its plans to close 45 million tonnes of aluminium production this year , losing 1 million jobs . This comes after US and European producers called for trade penalties to be imposed following the flooding of global markets by Chinese aluminium , causing prices to plummet by 40 % since 2011 and smelter closure throughout the US and Europe . However , improper subsidies , including low - c​ost power , are at the same time supporting an expansion of production , leading to a severe overcapacity . That reliance on China's cheap but high-sulfur coal has prompted environmental warnings. A record 2.7 million tonnes were produced in June .
China has agreed to join a global forum to monitor the status of its plans to close 45 million tonnes of aluminium production this year , losing 1 million jobs . This comes after US and European producers called for trade penalties to be imposed following the flooding of global markets by Chinese aluminium , causing prices to plummet by 40 % since 2011 and smelter closure throughout the US and Europe . However , improper subsidies , including low - c​ost power , are at the same time supporting an expansion of production , leading to a severe overcapacity . A record 2.7 million tonnes were produced in June .