Copper inventories on the SHFE (Shanghai Futures Exchange) are forecast to further reduce at the end of this week. The quick drop in supplies is expected to trigger a rise in prices, which could incentivize traders to resume shipping the metal to China.
All in all, the supply-side concerns in China bode well for producers of copper, and companies like Torr Metals Inc. (TSX.V: TMET) could benefit from this tailwind as concerns grow about the future…
NOTE TO INVESTORS: The latest news and updates relating to Torr Metals Inc. (TSX.V: TMET) are available in the company’s newsroom at https://ibn.fm/TMET
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