LME price up but fails to close above resistance at $… per mton; Novelis confirms it will build a… k mtpy rolling mill in Alabama as anticipated by HARBOR

1. In another bearish sign so far, LME prices were unable to sustain levels above $2,800 per mton; short-term downward trend remains on.

2. China’s aluminum prices rebound from a four-and-a-half-month low.

3. ALERT! – US ROLLING MILL. IT’S OFFICIAL: Novelis will build a 600k mtpy aluminum rolling mill in Alabama.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

4. LME Cash–3M contango remains nearly the widest in nineteen months.