Business
Copper price rallies as Chinese scrap shipments sink by 50% – MINING.com
China’s war on foreign waste sees shipping lines refusing to transport scrap, fearing a liability for return shipment if cargoes are rejected by customs.
China consumes more copper than the rest of the world combined and Reuters reports the China Nonferrous Metals Industry Association told a conference on Friday that imports of secondary copper could halve in 2020, from just under 1.5 million tonnes last year.
The country wants to eliminate imports of what it deems foreign waste and has implemented a strict quota system.
In a recent research report, Roskill called scrap the most vulnerable link in the global supply chain and said Chinese impo…
-
Noosa News24 hours agoWoman loses arm in lion attack at Darling Downs Zoo in Queensland
-
Noosa News14 hours ago‘Sunny, benign’ school holiday weather after morning showers in parts of Queensland
-
General8 hours agoDeveloper warns wind energy capacity may not be ready by WA coal deadline
-
Noosa News23 hours agoMissing man, Maroochydore – Queensland Police News