China's imports of copper concentrate from Australia dried up completely in December, customs data showed on Wednesday, with monthly arrivals at zero for the first time in over 16 years as smelters shun Australian supply amid tense bilateral relations.
It marks the first time China's copper concentrate imports from Australia have been at zero since April 2004, according to records kept by the International Copper Study Group . Australian media reports in November said China's government had instructed companies not to purchase copper concentrate and at least six other commodities from Australia because of souring relations between the two countries.
The unofficial ban has left sellers of Australian copper concentrate having to find other homes for their cargoes in markets such as Japan, South Korea and Europe, with smelters, which use the material to make refined copper, hungry for extra feedstock in a tight market.
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