China loses status as top US copper scrap buyer

China has lost its status as the top buyer of copper scrap from the United States for the first time in at least 16 years, US Census Bureau data show, which breaks down monthly volumes by country dating only to 2002.

Copper scrap exports to China (including Hong Kong) totaled 12,145 short tons in September, down by 33.5% from 18,269 tons the previous month, while January-to-September volumes plummeted by 47.4% year on year to 319,730 tons from 608,088 tons in the same 2017 period. The shift in China's intake of US copper scrap marks a sea change for the industry and highlights a larger trend witnessed over the second half of the year, with new and emerging outlets boosting their intake of US scrap. In fact, Malaysia surpassed China as the top destination of US copper scrap in...

Published

November 07, 2018

01:50 GMT

Pittsburgh