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China scores an own goal in the copper game

As an example of scoring an own goal, China’s reported ban on importing copper concentrate from Australia is becoming a text-book case study, with the only people hurt, so far, being Chinese copper smelters.

Tim Treadgold
China's copper smelters have suffered from the country's ban on Aussie copper concentrate imports

China's copper smelters have suffered from the country's ban on Aussie copper concentrate imports

Since news of the ban surfaced earlier this month, the price of copper has risen by US11 cents to $3.16 a pound, a rise of 3.6% in 10-days, and a move very much in favour of the miners, not the smelters....

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