A policy under which certain copper scrap products will be officially renamed "recyclable copper raw materials" will be the most-watched event in China's copper market next year, delegates attending Fastmarkets' Asia Copper Conference in Shanghai heard on Wednesday November 20.
"Going forward, attention in the copper scrap market should be paid to timeline for the reclassification, and what that will be," Tracy Liao, head of China commodities strategy at Citi, said.The China Nonferrous Metals Industry Association (CMRA), which is responsible for lobbying...