China imported 373,000 tonnes of refined copper in June, the highest monthly tally this year. Cumulative imports over the first half of the year came in at 1.87 million tonnes, up by 4.4% on the first half of 2021.
This renewed hunger for refined copper has not been for want of raw materials.
Mined concentrate imports were also up in the first six months of the year to the tune of 8.6% year-on-year. Copper scrap flows were 7.3% higher.
By Andy Home, Reuters, August 3, 2022
