AIRLINK 204.45 Increased By ▲ 3.55 (1.77%)
BOP 10.09 Decreased By ▼ -0.06 (-0.59%)
CNERGY 6.91 Increased By ▲ 0.03 (0.44%)
FCCL 34.83 Increased By ▲ 0.74 (2.17%)
FFL 17.21 Increased By ▲ 0.23 (1.35%)
FLYNG 24.52 Increased By ▲ 0.48 (2%)
HUBC 137.40 Increased By ▲ 5.70 (4.33%)
HUMNL 13.82 Increased By ▲ 0.06 (0.44%)
KEL 4.91 Increased By ▲ 0.10 (2.08%)
KOSM 6.70 No Change ▼ 0.00 (0%)
MLCF 44.31 Increased By ▲ 0.98 (2.26%)
OGDC 221.91 Increased By ▲ 3.16 (1.44%)
PACE 7.09 Increased By ▲ 0.11 (1.58%)
PAEL 42.97 Increased By ▲ 1.43 (3.44%)
PIAHCLA 17.08 Increased By ▲ 0.01 (0.06%)
PIBTL 8.59 Decreased By ▼ -0.06 (-0.69%)
POWER 9.02 Decreased By ▼ -0.09 (-0.99%)
PPL 190.60 Increased By ▲ 3.48 (1.86%)
PRL 43.04 Increased By ▲ 0.98 (2.33%)
PTC 25.04 Increased By ▲ 0.05 (0.2%)
SEARL 106.41 Increased By ▲ 6.11 (6.09%)
SILK 1.02 Increased By ▲ 0.01 (0.99%)
SSGC 42.91 Increased By ▲ 0.58 (1.37%)
SYM 18.31 Increased By ▲ 0.33 (1.84%)
TELE 9.14 Increased By ▲ 0.03 (0.33%)
TPLP 13.11 Increased By ▲ 0.18 (1.39%)
TRG 68.13 Decreased By ▼ -0.22 (-0.32%)
WAVESAPP 10.24 Decreased By ▼ -0.05 (-0.49%)
WTL 1.87 Increased By ▲ 0.01 (0.54%)
YOUW 4.09 Decreased By ▼ -0.04 (-0.97%)
BR100 12,137 Increased By 188.4 (1.58%)
BR30 37,146 Increased By 778.3 (2.14%)
KSE100 115,272 Increased By 1435.3 (1.26%)
KSE30 36,311 Increased By 549.3 (1.54%)
Markets

China's imports of Australian copper ore crashed to zero in December

  • Copper concentrate imports from all countries were 1.89 million tonnes in December and 21.77 million tonnes in 2020 overall, data released on Jan. 14 showed.
Published January 20, 2021

China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, as smelters shunned Australian supply amid tense bilateral ties.

Imports of copper concentrate from Australia were zero tonnes last month, according to General Administration of Customs data. That compares to 26,717 tonnes imported in November and 110,930 tonnes last December.

For 2020, Australia was China's sixth-largest copper concentrate supplier at 783,476 tonnes, down 25% from in 2019 and the lowest yearly total since 2016, the data showed. Australia was the fifth-largest supplier in 2019.

Australian media reports in November said China's government had instructed companies not to purchase copper concentrate and at least six other commodities from Australia because of souring relations between the two countries.

Australia angered Beijing when it became the first nation to publicly ban China's Huawei Technologies Co from its 5G communications network in 2018, and ties worsened last year when Canberra called for an inquiry into the origins of the coronavirus outbreak, which began in the Chinese city of Wuhan.

The unofficial ban has left sellers of Australian copper concentrate having to find other homes for their cargoes in markets such as Japan, South Korea and Europe, with smelters, which use the material to make refined copper, hungry for extra feedstock in a tight market.

Copper concentrate imports from all countries were 1.89 million tonnes in December and 21.77 million tonnes in 2020 overall, data released on Jan. 14 showed.

Chile remained China's top supplier last year at 7.72 million tonnes, followed by Peru, Mexico and Mongolia.

Comments

Comments are closed.