General Administration of Customs: China’s Rare Earth Exports Surged 140%, Copper Imports Fell 41.07% YoY in Aug

SHANGHAI, Sep 7(SMM) – General Administration of Customs released the import and export data of copper, aluminium, iron, coal, steel, and rare earth on September 7.

Imports

China's import volume of unwrought copper and copper semis in August were 393,900 mt, a year-on-year decrease of 41.07%, and a month-on-month decrease of 7.2%. The imports from January to August were 3.61 million mt, a year-on-year decrease of 15.4%. 

China's imports of copper ore and concentrate stood at 1.89 million mt in August, an increase of 18.8% year-on-year and a decrease of 0.05% from the previous month. The imports totalled 15.27 million mt From January to August, an increase of 14% year-on-year.

China imported 97.49 million mt of iron ore and concentrates in August, a year-on-year decrease of 2.9%, and a month-on-month increase of 10.2%. The imports totalled 746.45 million mt from January to August, a year-on-year decrease of 1.7%.

China imported 28.05 million mt of coal and lignite in August, a year-on-year increase of 35.8%, but a month-on-month decrease of 7.0%. The cumulative import was 197.69 million mt, a year-on-year decrease of 10.3%.

Exports

China's rare earth exports in August were 3,936.1 mt, a year-on-year increase of 140%.  The imports totalled 31,717.1 mt from January to August, a year-on-year increase of 30.1%.

China exported 490,200 mt of unwrought aluminium and aluminium semis in August, a year-on-year increase of 24%. The cumulative import volume from January to August was 3.13 million mt, an increase of 14.2% year-on-year.

China's steel exports in August were 5.05 million mt, a year-on-year increase of 37.3%. The cumulative export volume from January to August was 36.55 million mt, a year-on-year increase of 31.6%.