Chinese non-ferrous scrap processors have halved their operation capacity while demand for copper semi-finished products, auto parts and battery waned following the coronavirus (2019-nCoV) outbreak for the first quarter, according to an industry briefing on scrap metal.
Chinese aluminium and lead scrap processors were operating at only 40-50% of full capacity as of March 17 amid declining orders and the coronavirus outbreak, Wang Ji-Wei, secretary general of Chinese Nonferrous Metals Industry Association's recycling branch said on Friday March 20.The drop in operating capacity is tied directly to...