China releases smaller copper scrap quota for December; industry awaits scrap renaming policy

The Chinese government has approved a seventh round of copper scrap import quotas for this year at lower volumes compared with the previous batch, Fastmarkets has learned.

The most recent quota has been set at 7,970 tonnes, the environment ministry said on Tuesday December 3. This is down by 28.3% from 11,110 tonnes issued in the sixth round of approvals last month.

The latest quota brings the total volume of copper scrap imports permitted into China in the second half of 2019 to...

Published

Sally Zhang

December 04, 2019

10:08 GMT

Shanghai