An acrylic acid-maleic acid copolymer (or its salt), which is obtained by copolymerizing ethylenically unsaturated monomers including acrylic acid and maleic acid in the presence of a polymerization initiator, wherein the maleic acid has a neutralization degree of 70-95 mol % before the polymerization initiator is charged, and wherein the copolymer (or its salt) has a magnesium ion scavengeability of 230 mg (in terms of Mg(OH)2 )/g or more, a molecular weight distribution of 3.5 or less, and low-molecular fractions with a molecular weight of 1,000 or less in the ratio of 9 wt % or less to the total of the copolymer (or its salt).