According to recently released data from China’s General Administration for Customs, the country imported 183,200 metric tons of shredded and copper scrap in June this year. This marked a modest 1.06% month-on-month drop in total imports of this scrap metal, but year-on-year, the figure depicted an 8.06% increase in total volumes.
Overall, the market for scrap copper is projected to remain tight as supplies from the U.S. largely stay out of the Chinese market due to the tariff situation. The raw ore supply squeeze posits a positive indicator for investors watching prospective copper producers like Torr Metals Inc. (TSX.V: TMET) that could, in the…
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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