World’s largest copper user China’s import of the commodity dipped by 19% in February compared to same period last year.
According to statistics released by the General Administration of Customs, China imported 235,469 tonnes of unwrought copper and copper products in February this year.
It said that February imports were 35% less than the 364,240 tonnes recorded in January. The country's imports of copper scrap were 250,000 tonnes last month and its imports of alumina products were 220,000 tonnes while it imported 32,589 tonnes of unwrought aluminum.
In the first 2 months of this year, the country's imports of copper scrap were 610,000 tonnes down 0.6% YoY and that of alumina products decreased 47.7% YoY to 570,000 tonnes.