China OKs 25th batch of copper scrap import licenses

Seven companies in China have received the OK to import roughly 19,000 metric tons of copper scrap in the 25th batch of approvals issued for restricted solid scrap imports, according to a news item by Shanghai Metals Market. The site cites a news release from the solid waste management center of China's Ministry of Ecology and Environment (MEE) it says was issued Tuesday, Dec. 4, as the source of the information. 

“The 25th batch of approvals brought total approved copper scrap imports this year to 999,700 [metric tons] down some 66.7 percent from the volumes approved in 11 batches last year,” Shanghai Metals Market reports.

According to the article, the seven companies that received approvals are in Guangdong province. Four are in the city of Zhaoqing specifically, which accounts for 63 percent of the approved imports.