India imposed quality controls on copper cathode imports in December, leading to a decline in imports, as claimed by the Bombay Metal Exchange (BME) but rejected by the government.
The quality control rules require all suppliers to ensure checks on substandard products and obtain a license from the Bureau of Indian Standards.
Trade bodies, including BME and the Bombay Non-Ferrous Metals Association, challenged the quality controls in court, citing concerns about supply shortages and a potential monopoly.
The Indian government defended the quality control order, with Japanese suppliers dominating the market and concerns raised about compliance burdens and potential withdrawal by Japanese licensees.