China's shift to high-purity copper scrap continues; diversion seen to Europe, Asia

Chinese importers’ shift toward buying No 1 copper material continued during March, with the rejection risk for No 2 copper cargoes remaining a major concern, market sources said.

Since November last year, China has allowed certain high-grade copper scrap to be imported into the country as recyclable copper material and customs have taken up inspection duties to screen the scrap cargo arrivals.

With changes to impurities standards and...


Julian Luk

March 29, 2021

16:49 GMT