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TUESDAY, JULY 15, 2025
China's June US copper concentrate imports hit highest since Sept 20

Global Economy

Reuters
26 July, 2020, 01:00 pm
Last modified: 26 July, 2020, 01:06 pm

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China's June US copper concentrate imports hit highest since Sept 20

It was not immediately clear who bought the concentrate that arrived in June, although the customs database showed cargoes had gone to Zhejiang and Fujian provinces

Reuters
26 July, 2020, 01:00 pm
Last modified: 26 July, 2020, 01:06 pm
A foreman wearing a face mask works as a cargo ship docks at a container terminal of Qingdao port in Shandong province, China while the country is hit by an outbreak of the new coronavirus, February 4, 2020. cnsphoto via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT
A foreman wearing a face mask works as a cargo ship docks at a container terminal of Qingdao port in Shandong province, China while the country is hit by an outbreak of the new coronavirus, February 4, 2020. cnsphoto via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT

China's imports of copper concentrate from the United States hit their highest in June since September 2018, customs data showed on Sunday, as smelters made the most of a trade detente to purchase tariff-free metal earlier this year.

China, the world's top copper consumer, imported 30,734 tonnes of US copper concentrate last month, according to the General Administration of Customs. That accounted for 4.68% of its total June copper concentrate imports of 656,483 tonnes.

The intensifying China-US tensions had squeezed copper concentrate imports to China since late 2018, although Chinese firms had been allowed to apply for exemption on tariffs since March, with at least two cargoes of copper concentrate from the United States due to arrive in mid-June.

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But tensions between the world's two largest economies have escalated again, with each blaming the other for the Covid-19 pandemic, and this week, China retaliating against a US move to close the Chinese consulate in Houston.

It was not immediately clear who bought the concentrate that arrived in June, although the customs database showed cargoes had gone to Zhejiang and Fujian provinces.

Reuters reported in late May that two Chinese smelters had booked cargoes of US copper concentrate after applying for exemptions on import duties under a scheme announced by the Ministry of Finance in February as part of trade war detente.

World+Biz

China / copper / US

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