China Copper Imports Rebound as Domestic Stockpiles Decline

Copper imports by China rose for the first time in three months in June as buying from overseas became profitable and supply tightened after consumers drained local stockpiles in the world’s largest consumer.

Inbound shipments gained 10 percent to 280,009 metric tons compared with 254,738 tons in May, the General Administration of Customs said on its website yesterday. Imports were 15 percent lower than 328,231 tons a year ago.