Home / Metal News / Copper / China plans to ban Copper Scrap imports by the end of 2018
China plans to ban Copper Scrap imports by the end of 2018
Jul 26,2017 20:25CST
industry news
China, the world's largest consumer of the metal is looking forward to ban the imports of some metal scrap, which includes Copper by the end of 2018, and is expected to lead to the import of higher re

CHINA July 26 2017 5:11 PM

BEIJING (Scrap Register): China, the world's largest consumer of the metal is looking forward to ban the imports of some metal scrap, which includes Copper by the end of 2018, and is expected to lead to the import of higher refined Copper.

This decision is on the back of reducing the pollution in the country which is caused by the dumping of scrap waste from heavy industries. As the after effect of this reaction, London Copper rushed to its highest point in two years, also the Chinese future too increased to the highest in more than five months.

The recycling branch of the China Non Ferrous Metals Industry Association had received a notice about the ban of scrap metal imports including wire, motors and bulk scrap metal by the end of 2018.

“The market is reacting to the news about China banning scrap cables, scrap motor and other scrap metals from the end of next year, which could block a lot of copper supply into China,” Li Chunlan, analyst at  consultancy CRU in Beijing.

copper scrap imports

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

    timeApr 28, 2020 14:49timezoneCST
    timeApr 28, 2020 21:34timezoneCST
    timeApr 28, 2020 19:42timezoneCST
    timeApr 28, 2020 19:34timezoneCST
    timeApr 28, 2020 18:54timezoneCST
    timeApr 28, 2020 18:13timezoneCST
    timeApr 28, 2020 17:54timezoneCST
    timeApr 28, 2020 18:24timezoneCST
    timeApr 28, 2020 16:51timezoneCST
    timeApr 28, 2020 16:38timezoneCST