LME price falls further as anticipated by HARBOR; Century Aluminum buys stake at Jamalco refinery

 
ALERT! – US ALUMINUM.

1. LME prices fall further and return to HARBOR’s anticipated predominant short-term trading range of $… per mton. More price losses ahead.

2. China’s aluminum prices drop to new one-week lows amid lingering demand weakness.

3. ALERT! – US ALUMINUM. UPSTREAM INTEGRATION: Century Aluminum to acquire alumina and bauxite operations in Jamaica.

4. ALERT! – EUROPE PFA. OUTLOOK WORRIES: Recovering European auto demand, but outlook concerns linger.

5. LME Cash–3M contango tightens again amid a steeper backwardation ahead of June.

 

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