
China’s Copper Imports Decline in 2023
By Shubhendra Anand , 15 November, 2023
The world oil market suffered from supply cuts in 2023 as major oil producers Saudi Arabia and Russia cut supplies. China's market shows recovery signs in the manufacturing sector as per the survey reports in September 2023. China's unwrought copper supplies declined by 9.5 percent in 2023.
Based on the survey conducted by Purchasing Managers, the Chinese manufacturing market shows the initial signs of recovery with the factory activity. China imported larger volumes of crude oil in September 2023. In contrast, other energy commodity imports remain higher, and imports of copper (unwrought) also remain higher in September 2023. According to NASDAQ, copper imports declined by 5.8 percent in September 2022 due to robust domestic production and lesser demands reduced overseas supplies. Compared to 2022, China's unwrought copper and copper products declined by 9.5 percent to 3.99 million tons for the first time in 2023. Unwrought copper is used in various sectors, such as construction, power, transportation, and others. Together, these sectors made up 480,426 metric tons of imports of unwrought copper in September 2023, as per the survey data. The survey also considered refined, alloy, anode, and semi-furnished copper. As consumer spending grows, orders from electric vehicles, solar & wind sectors, home appliances, and others see a rising demand for copper.
The domestic production of copper in China will be firm in 2023; therefore, increased production levels will result in rising copper ore and concentrate consumption. Thus, China's copper imports have fallen due to robust domestic production in 2023.
Weak China Domestic Demand

Latest News

Energy Secretary Ed Miliband will visit China from March 17 to 19, 2025, to boost the United Kingdom’s (UK) renewable energy initiatives. This visit aims to revive the UK-China Energy Dialogue, excluding nuclear power, via clean and sustainable…

In 2025, the global semiconductor industry is set to boom as sales are projected to increase by 15 percent, reaching nearly USD 721 billion. This growth is prominent in both the technological region and the aiding toward the clean energy shift.
With…

The world of semiconductors is evolving with new advanced multichip packaging innovations in 2025. Due to the advancements, the chip's performance improves, mobile devices and new GenAI technology can be produced promptly, and production and…

In 2025, AI technology will change energy efficiency in buildings, marking another milestone in the shift towards renewable energy. With AI, Building Management Systems (BMS) can now guarantee energy monitoring and optimization, which minimizes waste…

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

Head Research
Latest News




