LME price down and still below technical resistance level

1. LME price closes down again as technical resistance holds within $… per mton. Prevailing downward trend formation still targeting $… per mton or lower in 2023.

2. ALERT! – US & EU DUTIES. NOT CLEAR AND NOT SOON: US and EU discuss potential climate-based duties targeting China.

3. ALERT! – US BILLET. DOWNWARD SPIRAL: US 2023 contractual billet premiums fall to…  cent/lb.

4. China’s aluminum price continue to test medium-term technical resistance.

5. LME Cash–3M contango widens to two-year.