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China Eases Battery, Steel Scrap Import Rules to Aid Green Push

Takeaways by Bloomberg AI

China is relaxing import regulationsBloomberg Terminal on scrap, a move that will support recycling of battery metals and help speed the green transition in the steel market.

The government said on Monday it will permit imports of some battery scrap, known as “black massBloomberg Terminal,” from August, which will provide more feedstock for a recycling sector that is struggling with overcapacity. It will also loosen requirements for shipments of steel scrap, which were first allowed in 2021.