Characteristics of the global copper raw materials and scrap trade systems and the policy impacts of China's import ban

Xiaoqian Hu , Chao Wang , Ming Lim, Wei-Qiang Chen

Research output: Contribution to journalArticle

Abstract

Copper raw materials (CRM) and copper waste and scrap (CWS) are the two main sources of copper manufactured products. Due to the uneven geographical distribution of copper production and consumption, international CRM and CWS trade developed. However, no study has explored the complicated interdependencies between CRM trade and CWS trade or investigated the characteristics of this multiplex trade system. This study uses trade records from 1988 to 2017 to construct multiplex trade networks: a global CRM trade network and a global CWS trade network. The evolution of copper trade from 1988 to 2017 is reviewed, and the intricate relationships in the multiplex trade network are identified. It is found that CWS trade has a highly positive correlation with CRM trade, but there are obvious differences between CWS trade and CRM trade in the multilateral trade structure. Multilateral trade structures driven by core exporting countries and core importing countries are prominent in CRM trade and CWS trade, respectively. In addition, the impacts of China's restrictive policies on the multiplex trade system are analyzed. The results provide policy implications for countries regarding copper resource security strategies and safeguarding the multiplex trading system.

Original languageEnglish
Article number106626
JournalEcological Economics
Volume172
Early online date11 Mar 2020
DOIs
Publication statusPublished - 1 Jun 2020

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Bibliographical note

NOTICE: this is the author’s version of a work that was accepted for publication in Ecological Economics. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Ecological Economics, 172 (2020) DOI: 10.1016/j.ecolecon.2020.106626

© 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/

Keywords

  • Copper raw materials
  • Copper waste and scrap
  • Multiplex trade network
  • Evolution and correlation
  • Policy impacts
  • China's import ban

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