NEW YORK China will eliminate license requirements for imports of copper cathode, copper concentrate, copper scrap and stainless steel scrap, according to a statement posted on the Ministry of Commerces website Aug. 27. The initiative, which aims to loosen commodity markets in China, will take effect Sept. 1.
Other products that will be exempt from import license requirements include iron scrap, aluminum scrap and unwrought zinc alloys.
A spokesman for Chinas Administration for Quality, Supervision, Inspection and Quarantine (AQSIQ) told AMM that there were no immediate changes to domestic licensing rules, but said AQSIQ works very closely with the Ministry of Commerce to ensure cross-agency continuity.
The impact of the exemptions on shipments to China will be limited, according to several exporters.
"Its not really going to impact the amount of material I ship to China," one exporter said. "They (China) are clearly trying to loosen the flow of material, but exporters still need to follow the guidelines set forth by the AQSIQ. It makes no difference to me if I can now sell to people who were not previously licensed."