Chinese Policy Moves Affect Nonferrous Markets
November 20, 2024
A late October announcement made jointly by six agencies in China appears poised to increase the types of nonferrous recycled metal grades that can enter that nation’s ports. A few weeks later, however, a separate government announcement could trigger a slowdown in the production of aluminum, copper and copper alloys in the country.
The scrap-related joint announcement from China’s Ministry of Ecology and Environment is co-signed by five other agencies, including China’s General Administration of Customs (GACC), and was issued shortly before the Bureau of International Recycling (BIR) convened in Singapore.
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