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General Administration of Customs: China's Copper Ore Imports Slightly Decreased in October, While Shipments from Major Supply Countries Increased.

iconNov 21, 2025 18:48

According to data from the General Administration of Customs online query platform, China's imports of copper ore and its concentrates in October 2025 were 2.45 million mt, down 5.24% MoM but up 6.08% YoY. Among them, major supplying countries such as Chile, Peru, Mongolia, and Kazakhstan saw their deliveries rebound to varying degrees MoM, while supplies from other source countries mostly declined. Currently, spot copper concentrate TCs hover around -$40/dmt, and the tight ore supply situation remains difficult to alleviate significantly.

The following shows the supply situation of China's major import sources of copper ore since March 2020:

Data source: General Administration of Customs

(Comprehensive Wen Hua)

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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