China does not want Australian copper!Last month’s import volume plummeted by nearly 80% year-on-year-Hong Kong Economic Times-China Channel-China News

Sino-Australian relations have deteriorated sharply. After China and Australia are fighting over a series of geopolitical issues, China has begun to impose tariffs and bans on a series of Australian imports. In addition to coal, lobster, barley, mutton, beef, and wood, it also includes copper mines. Stone and copper concentrates used by smelters to refine copper are also affected.

According to the latest data from the General Administration of Customs of China, Australia’s exports of copper concentrates to China in November were about 26,700 tons, a decrease of 77.8% year-on-year and 34% month-on-month, and the lowest monthly record in 4 years. This reflects the Chinese side. The impact of boycotting commodities such as Australian copper ore and copper concentrate has emerged.

It is worth noting that China‘s total imports of copper concentrate in November were 1.83 million tons, a year-on-year decrease of 15% and a monthly increase of 8.3%. Among them, imports from Australia accounted for only about 1.5%, and the decline was much greater than the overall import volume.

Imports of Australian copper ore hit the lowest single month in 4 years

Copper concentrate can be directly supplied to smelters for smelting copper, second only to steel and aluminum in the consumption of metal materials.

Regarding the issue of trade between China and Australia, China’s State Councilor and Foreign Minister Wang Yi said on the 18th that Australia should seriously consider “is China a threat to Australia or a partner”, hoping that the relationship between the two countries can return to normal track.

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China’s Ministry of Foreign Affairs spokesperson Zhao Lijian also said that the relevant measures taken by the Chinese authorities on foreign products exported to China in accordance with laws and regulations comply with laws, regulations and international practices, and are also responsible for China’s domestic industries and consumers. He believes that Australia should uphold mutual respect. , The principle of treating each other as equals handles the relations between the two countries, doing more things that are conducive to enhancing mutual trust and conforming to the spirit of comprehensive strategic partnership, and creating good conditions for practical cooperation between the two countries.

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Editor in charge: Deng Guoqiang

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