China has granted import quotas for copper scrap this year that are reduced by 83.7% from a year ago, in its first 10 rounds of approvals for solid waste import licenses, according to calculations made by Metal Bulletin.
Licenses for total imports of 463,916 tonnes of copper scrap (HS code 7404.0000.10) have been granted so far in 2018, compared with 2.84 million tonnes a year ago, according to official data from the Solid Waste & Chemicals Management Centre, part of the country's Environment Ministry.In the latest round of license approvals announced on Monday April 16, copper scrap import quotas totaled 125,667 tonnes, compared with 271,200 tonnes...