China’s copper scrap imports surge in April; copper concentrate shipments down

China’s copper scrap imports surged by 81.7% year on year in the first four months of 2021, which sources attributed to policy support and consumer preference due to their relatively lower cost amid surging prices of the metal on the London Metal Exchange.

The country’s January-April imports totaled 531,261 tonnes, up by 81.7% from a year earlier, according to the latest Chinese customs data published on Thursday May 20.
In April alone, China bought 167,767 tonnes of scrap copper, up by 103.1% from a year earlier, but down by 2.5% month on month.
Malaysia, Japan and United States were the top three suppliers of copper scrap to China in last month; imports from these three countries amounted to 76,382 tonnes - or 45.5% - April’s shipments.

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Sally Zhang

May 21, 2021

07:31 GMT