Why did Pingguo Aluminum go bankrupt?

Pingguo Aluminum, as a super-large aluminum smelting joint enterprise with rich soil mineral reserves and hydropower resources, has unique advantages. Bankruptcy is caused by serious financial difficulties, management problems or market competition pressure. According to the information we have learned, Pingguo Aluminum has not gone bankrupt. During the construction period, it was identified as a national key project and achieved results in the operation process.