Price Correction Expected To Resume Once Russian Export Tax Is Discounted

 

Executive Summary.

  1. As anticipated, bullish uncertainty related to Russia has been supportive for LME prices…
     
  2. Indeed, LME prices could still attempt to rally further toward $2,… per mton, or even higher…
     
  3. However, we believe LME prices are set to enter into a cyclical correction stage…

 

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