The Chinese government completely bans the import of scrap metals over the next two years

Metal Bulletin, a report on the rise in copper blister refining tariffs in China in June. An increase in the volume of imported raw materials during the period, which partly compensates for lost capacities due to the closure of some production units during the inspection, is the main reason for the increase in tariffs.

The deals of this month (July) were generally manufactured in Zambia, the Democratic Republic of the Congo and Latin America. One of the purification units located in the southern part of China said it was importing copper blister shipments, because domestic production is heavily expensive.
In Jiangxi Province, where there are more than 600,000 metric tons of copper smelting unit per year, some small melting units have been closed due to environmental inspections. Copper and blister copper production typically involves pyro metallurgy operations, which results in diffuse sulfur oxides, and therefore, heavier environmental inspections are applied to this operation.

According to one of the main copper producers, a total of 15,000 tons of blister copper and
copper anodes have been cut from Jiangxi province`s manufacturing operations. A Blister Copper buyer also told the Metal Bulletin Corporation that Blister Copper Filtration Tariffs are on the rise, and this indicates the adequacy of supply from imports.

Long-term demand for Blister copper has been on the rise since the Chinese government announced in late June that metal scrap will be completely banned in the next two years. According to estimates by the Metal Bulletin, this ban also includes metal scrap with higher metal content. A South Korean buyer also told the company that many of the US-based scrap shipments in the ports of China failed to obtain confirmation of the country`s severe inspections. Thus, part of US shipments came to Europe, with imports from Spain, the Netherlands and Germany rising by 67.4%, 45.1% and 37% year-on-year, from the same period last year. A European copper producer also said that a large amount of scrap was imported into Europe to compete with Bliss copper, which has led to an increase in copper refining tariffs in the EU. Some deals with tariffs range from $ 250 to $ 260 a ton.