Australian copper concentrate cargoes diverted, swapped amid China's ‘unofficial import ban’

Australian copper concentrate cargoes diverted, swapped amid China's ‘unofficial import ban’Australia-origin copper concentrates bound for China are being diverted on the water and ahead of shipment next year, after Chinese buyers were reportedly told to comply with an “unofficial order” to restrict the material's entry this week.Europe, Japan, India and Southeast Asia have been tabled as potential alternative destinations to receive offers of the concentrates, either by spot sales or through swaps for China-deliverable qualities, at this crucial time of annual contract negotiations.Several major participants in China’s copper market told Fastmarkets that Australian copper concentrates cargos arriving at Chinese ports after Friday November 6 risk not being cleared by customs for entry to the country.




Could effect the price, but this a solid company with good things to come. China bullying its major trading partner is not a good sight internationally. People that do business with them will think again 'unless' they make really good deals. Hopefully more western manufacturing gets money pumped into it, so we can see more competition and demand from all regions of the world.