Copper producers see gloom lifting as tighter scrap markets, output cuts boost China sales

摘要

Following on from record-breaking China-bound sales in December,producers have enjoyed a similarly brisk start to 2016 as tighteningscrap, blister and concentrates supply in China’s domestic markethave bolstered demand for imported metal and concentrates.Import demand was also supported by currency-related arbitrageopportunities that emerged in January, but the market isalso showing signs of fundamental improvement as scrap marketstighten and domestic mine supply comes under pressure, producersources told Metal Bulletin.