China Copper Imports Slump to Two-Year Low on Ample Supplies

Copper imports by China, the largest consumer, tumbled 35 percent in February to the lowest level in more than two years as ample supplies weighed down local prices, making purchases unprofitable.

Inbound shipments of copper and products dropped to 235,469 metric tons from 364,240 tons in January, said the General Administration of Customs website. That was the lowest level since January 2009, according to Bloomberg data.