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Data released by China's General Administration of Customs showed that despite China's slowing economic growth, China's copper imports last year were close to the record
set in 2014.
China is the second largest economy
in the world.
Data show that China's imports of anode copper, refined copper, copper alloys and semi-finished copper products in 2015 were 4.
81 million tons, down 0.
2%
from the record 4.
82 million tons in 2014.
China's imports of unwrought copper and copper products rose 15.
2% month-on-month to 530,000 tonnes in December 2015, the second highest monthly level
after hitting 536,000 tonnes in January 2014.
However, industry sources said China's refined copper imports are likely to decline this year, with some importers reducing orders
for contract cargoes in anticipation of continued slowdown in China's economy.
Analysts said orders for refined copper cargoes contracted for 2016 could have fallen by about 20 percent, meaning imports would average about 200,000 tonnes
per month this year.
China imported a record 1.
48 million mt of copper ore and its concentrate in December 2015, up 2.
8% from November, as processing and refining charges (TC/RCs) for spot copper concentrates were strong
, customs data showed.
In 2015, China's imports of copper ore and its concentrates increased by 12.
6% to 13.
29 million tons
.
