Commodities Buzz: China Imports Of Copper Concentrate Soars 7.6% In 2021

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Chinas imports of unwrought copper and copper products fell in 2021 from the previous years record, though imports of copper concentrate hit a historic high. Imports of unwrought copper and copper products for the year totalled 5.53 million tonnes, General Administration of Customs data showed on Friday, down 17.2% from 2020s record volume of 6.68 million tonnes. On a monthly basis, Chinas copper imports rose for a fourth straight month in December to 589,165 tonnes, up from Novembers 510,402 tonnes and its highest monthly level since October 2020. The imports of copper concentrate, or partially processed ore, surged to a record 23.4 million tonnes in 2021, up 7.6% from the 21.78 million tonnes imported in 2020. Concentrate imports were at 2.06 million tonnes in December, down from 2.19 million tonnes in November.

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