US Scrap Copper Exports to China Plummet, Thailand Claims Bigger Share
According to recently released data from China’s General Administration for Customs, the country imported 183,200 metric tons of shredded and copper scrap in June this year. This marked a modest 1.06% month-on-month drop in total imports of this scrap metal, but year-on-year, the figure depicted an 8.06% increase in total volumes. These import volumes were within expected ranges, and the Shanghai Metals Market explains that three key factors account for these import patterns. First, the demand for copper scrap within the domestic smelting market increased due to supply shortages of raw copper ore. Smelters turned to the scrap metal market…