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Recycled Metals Branch of China Nonferrous Metals Association: the import material of scrap copper in China has dropped by 50% this year.
Sep 14,2020 13:49CST
translation
[China Nonferrous Metals Association recycled Metals Branch: China scrap Copper imports decline 50 per cent this year] Wang Jiwei, vice chairman of (CMRA) of China Nonferrous Metals Association recycled Metals Branch, said at the China International Copper Forum on Friday that China's scrap copper imports fell by 50 per cent this year. China, the world's largest metal consumer, imported 1.49 million tons of scrap copper in 2019. To date, China has approved a total of 743140 tons of scrap copper.
The content below was translated by Tencent automatically for reference.

SMM9 March 14: last Friday, Wang Jiwei, vice chairman of (CMRA) of the recycled Metals Branch of China Nonferrous Metals Association, said at the China International Copper Forum that China's scrap copper import materials fell by 50% this year. China, the world's largest metal consumer, imported 1.49 million tons of scrap copper in 2019. To date, China has approved a total of 743140 tons of scrap copper.

In order to reduce solid waste, China has imposed corresponding restrictions on the import of scrap metal. China aims to completely ban the import of solid waste by the end of 2020, but some high-grade copper and aluminum scrap that meet the latest industry standards are still unrestricted.

Wang Jiwei said that at present, about 150 companies have applied to become importers or suppliers of scrap metal, including many Chinese enterprises.

At the end of August, the recycled Metals Branch of China Nonferrous Metals Industry Association announced that it would postpone the application for qualification of foreign suppliers and domestic consignees of recycled copper and aluminum raw materials until December 31, 2020.

"[important] the application for qualification of foreign suppliers and domestic consignees of recycled raw materials has been delayed!

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