China’s Scrap Copper Imports Seen Lingering Near 10-Year Low

China’s imports of scrap copper, the feedstock for one-third of the country’s production of the metal, are unlikely to rebound from a 10-year low as U.S. supplies remain tight, according to the world’s largest listed metals and electronics recycler.

Industries that provide the bulk of recycled material in the U.S., the biggest exporter of scrap metal to China, have not yet recovered sufficiently to improve supply, Michael Lion, chairman of Sims Metal Management Asia Ltd., said in a March 6 interview in Hong Kong.