Chinas Copper Imports Post Worrying Fall

Chinas Copper Imports Post Worrying Fall

seasonal drop in China’s copper imports was expected but an underlying annual decline is worrisome. China’s copper imports fell 23% in January compared with the previous month. The Asian giant consumes about 45% of the world’s copper supply and has an outsized effect on the copper industry. “What is surprising and somewhat alarming is the drop relative to 2016, as net imports of refined copper fell by 17% y/y from January 2016,”

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