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Price Correction Expected To Resume Once Russian Export Tax Is Discounted

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July 14, 2021
 

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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