The main reason for the late shutdown of the Longfei rare aluminum mine project is insufficient funds. Electrolytic aluminum industry is a high energy consumption and high pollution industry strictly controlled by the state. Longfei rare aluminum project mainly relies on bank loans in the later stage, and the financing method is single. When the state issued policies for macro-control, the financing of the Longfei rare aluminum project was difficult in the later period, the construction progress was blocked, and the production capacity was insufficient, which led to the shutdown.