According to the China Association of Automobile Manufacturers (CAAM), the country’s car sales dropped 23% during the first five months of 2020 to 7.9 million units. The better news is that the 2.14 million sales in May represented the highest number in almost two years.
Although it was confirmed on June 30 that China will no longer accept import applications for solid wastes from the start of 2021, the new import policy governing “recycling materials” for brass, copper and cast aluminium alloys has been delayed pending the announcement of customs classification codes and the finalization of inspection procedures. Meanwhile, Chinese importers are continuing to purchase copper, brass and aluminium scrap under the import quota system.
Totalling 391,396 tons, this year’s ninth batch of import quotas was released by the Solid Waste and Chemical Management Centre on July 6; this included 176,746 tons of copper scrap, 209,660 tons of aluminium scrap and 4990 tons of ferrous scrap.
OmniSource Corporation (USA), Board Member of the BIR Non-Ferrous Metals Division