China’s Copper Imports Drop as Overseas Lockdowns Tighten Supply

China, the world’s largest copper consumer, imported less metal and concentrate last month as pandemic-driven lockdowns in overseas mining regions disrupted supplies.

• Copper concentrate imports were 1.69 million tons in May, down from 2.03 million tons in April and 1.84 million tons a year ago, according to customs data on Sunday
• Unwrought copper and products purchases were 436,031 tons, falling from 461,458 tons in April and compared with 361,000 tons a year ago