SHANGHAI Chinas net imports of refined copper fell to the years lowest level in March while those of concentrates increased, according to Chinese customs data released April 22.
Refined copper imports totaled 218,823 tonnes last month, down 1.8 percent from February and 36.7 percent below March 2012 levels.
Exports of refined copper stood at 60,642 tonnes in March, up 57.2 percent month on month and more than double the year-ago level.
Imports of copper concentrates totaled 777,838 tonnes last month, up 14.2 percent month on month and 41.2 percent higher year on year.
China, the worlds largest copper consumer, is experiencing what some analysts have called "a rotation in the composition" of copper imports.
A version of this article was first published by AMM sister publication Metal Bulletin.