China approves much smaller quota for copper scrap imports

China has approved a sixth copper scrap import quota to allow an additional 11,110 tonnes of copper scrap into the country by the end of this year, the environmental ministry said on Tuesday November 5.

The latest quota, 81% lower than the previous quota covering 57,365 tonnes announced on October 18, brings the total volume of copper scrap imports allowed into China in the second half of 2019 to 553,242 tonnes.

Trading in China’s copper scrap market has been largely inactive...

Published

Sally Zhang

November 06, 2019

06:51 GMT

Shanghai