COLUMN-Scrap remains the wild card in China's copper imports: Andy Home [Reuters (UK)]
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Source: Reuters
COLUMN-Scrap remains the wild card in China's copper imports: Andy Home | Reuters 7 Min Read (The opinions expressed here are those of the author, a columnist for Reuters.) * China's copper imports 2003-2018: tmsnrt.rs/2HDA0cX * China's scrap and concentrate imports: tmsnrt.rs/2TlxcCH * China's refined copper trade: tmsnrt.rs/2HGd2BN By Andy Home LONDON, Jan 30 (Reuters) - China set a new record last year in terms of how much copper it sucked in from the rest of the world. Imports of refined metal reached 3.75 million tonnes, up 16 percent from 2017 and eclipsing the previous high of 3.68 million tonnes registered in 2015. The strength of China’s import appetite is surprising given the country’s own refined copper production surged by 8 percent to just over 9.0 million tonnes in 2018. New smelting and refining capacity continues to be built and there was no shortage of mined concentrates to feed it last year thanks to a robust performance by the world’s copper mines. China also imp
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