refined copper imports fell year on year in January as imports
of copper concentrate climbed, asserting what some analysts
called "a rotation in the composition" of the countrys
intake of the red metal.
Inbound shipments of refined
copper totaled 243,174 tonnes last month, down 27.5 percent
from 335,480 tonnes in January 2012. Meanwhile, copper
concentrates stood at 761,098 tonnes, up 26.5 percent from
601,751 tonnes in the same comparison, according to customs
data released Feb. 25.
"We expect imports to rotate further out of metal and into
raw materials this year as domestic metal production increases
strongly via higher raw material imports and more raw material
supply from domestic sources," Barclays Capital Plc analyst
Gayle Berry said in a report earlier this month.