China’s copper scrap imports hit multi-year high in November

Data from the General Administration of Customs shows that China’s copper scrap imports in November were 182,900 mt, an increase of 17.8% month-on-month and 13.2% year-on-year, setting a multi-year high. The overall supply of domestic copper scrap in November was still tight, and the willingness to purchase imported goods increased. In addition, copper scrap imports in October were mostly profitable, driving imported copper scrap to arrive in China in November.