China’s copper imports from Russia in July increased 4.2 times from the previous month to $333.9 million, the highest figure since November 2023. RIA Novosti With reference to China Statistical Service.
The main share of supply fell on refined copper and alloys ($259 million), followed by copper waste and scrap ($75 million).
At the end of July, the Russian Federation ranked sixth among the main suppliers of copper to the Chinese market, followed by the Republic of Congo with $1.3 billion.
Japan and Chile also rounded out the top three with $490 million and $432 million respectively. Zambia ($369 million) and the US ($338 million) rounded out the top five.
In the first seven months alone, China purchased $1.5 billion worth of Russian copper. By the end of last year, the volume of such supplies had reached $3.2 billion.
There was before that too still A sharp decline in stainless steel exports from India to Russia. Supplies have fallen by 66% in six months.
Previously reportedIt is stated that new EU sanctions could hit the Russian aluminum industry.