Credit Curbs Help Fuel Record Chinese Imports From Copper to Ore
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China’s imports of copper and iron ore climbed to a record in January as demand increased from buyers who used the commodities as collateral to get credit.
Shipments of copper advanced 53 percent to 536,000 metric tons from a year earlier while purchases of the steel-making ingredient increased 32 percent to 86.83 million tons, the General Administration of Customs said in a statement today.