Monday, February 23, 2009

China's Iron Ore, Refined Copper Imports Fall, Nickel Rises

Statistics released by China's General Administration of Customs on Monday show that imports of iron ore and refined copper both fell in January.

Iron ore imports fell by 5.4% over the previous month to 32.65 million metric tons compared to 34.53 million tons in December. Year-on-year, the fall was 11.2% from36.81 million tonnes in January 2008.

Imports of refined copper fell by 14.7 percent to 180,490 tonnes in January compared to 211,527 tonnes in December.

China's exports of primary aluminium was just 82 tonnes in January, down from December's 46,364 tonnes.

China is the world's top consumer of copper and aluminium.

Howver, imports of refined nickel were up 41.2% to 7,622 tonnes in January compared to 10,765 tonnes in December.

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