2012 Chinese Refined Copper Imports Hit Record High

Platts reported that Chinese refined copper imports for 2012 broke record at 3.4 million mt, rising 20 percent over 2011 figures.

As quoted in the market report:

The higher import volume last year is mainly due to strong demand in the first half of last year from companies [which sought the material as collateral against loans],” He Xiaohui, a copper analyst with Antaike said.

To view the whole Platts report, click here.