trending Market Intelligence /marketintelligence/en/news-insights/trending/6oLEz615M1kSm-jH7rRaVA2 content esgSubNav
In This List

China updates copper, aluminum scrap metal import standards

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Blog

Insight Weekly: US bank M&A; low refinancing eases rates impact; Texas crypto mining booms

Blog

Insight Weekly: US stocks hit grim milestone; top European banks tumble; TMT IPOs plunge

Video

Gold and Copper Summit 2022: Overview of Global Gold Markets in 2022 and Beyond


China updates copper, aluminum scrap metal import standards

China updated the standards for importing high-grade copper scrap and aluminum scrap metal into the country, as it looks to end the import of solid waste by the end of 2020, Reuters reported.

The State Administration for Market Regulation set the minimum copper contents ranging from 99.9% for types of scrap, including bare bright copper wire, to 94% for the No. 3 copper scrap nodules.

For aluminum scrap materials, the minimum aluminum and aluminum alloy content was fixed at 100% for recycled aluminum ingots, 98% for aluminum castings and 91% for aluminum blocks.

Under the new standards, to be effective July 1, the scrap imports meeting the new standard will be categorized as a resource instead of waste.