Jinrui Future, Jiangxi Copper’s fully owned subsidiary, estimates that 45% less copper scrap will be brought into China in 2018 compared to a year ago. While low-grade category 7 copper scrap imports, including scrap cable, scrap wire and scrap auto parts, are expected to decline 60% on an annual basis, according to the research report.
The forecast came after Beijing issued substantially less copper scrap import licenses in the first two rounds of...
