BEIJING : China's copper imports in April fell 12.5 per cent from the prior year, customs data showed on Tuesday, curbed by weak demand and a jump in domestic production of the metal.Imports of unwrought copper and copper products totalled 407,294 tonnes in April, according to data from the General Admini
BEIJING : China's copper imports in April fell 12.5 per cent from the prior year, customs data showed on Tuesday, curbed by weak demand and a jump in domestic production of the metal.
Copper demand in the world's second-largest economy softened in April, due to subdued global demand for China's products and persistent weakness in the country's property market. The stagnant economic recovery coupled with higher domestic production led to the drop in imports, said Anna Xu, a Shanghai-based lead analyst at Argus Media.
In an email to Reuters in January seeking comment on the reports, Maike did not confirm their use of copper financing, but said"raising finance is extremely difficult for private companies without asset as collateral".
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