COMMENT: Chinese copper producers in a race against time to secure onshore blending licences

Following the commissioning of new facilities in Fujian in late last month, Chinalco now has the technical and logistical capacity to import and blend complex copper concentrates in mainland China, but one obstacle still remains.

The company is yet to receive an official exemption from customs rules that prohibit concentrates containing high levels of arsenic and other impurities from entering the country, and as such it is not yet capable of bringing some of the more complex concentrates from its Toromocho mine in Peru into China.

Given the state-owned company’s lobbying power, many market participants believe it will only be a matter of time before the necessary clearances are obtained from China’s customs...


Mark Burton

May 09, 2016

07:00 GMT