LME price falls back to three-week lows; Mexico’s billet premium falls to near-record-lows of $… per mton

LME price down again as short-term technical support levels continue to be tested.

China’s aluminum price stuck near two-week lows.

 ALERT & UPDATE! – MEXICO BILLET PREMIUMS. NEAR RECORD LOWS: Mexico’s Veracruz billet premium falls to as low as $…

ALERT! – BRAZIL ALUMINUM. NO SIGNS OF IMPROVEMENT: Brazil’s bearish market extends into Q1 2024.

 ALERT! – ALUMINA. SURPLUS WILL WIDEN DESPITE CURTAILMENT: Alcoa to fully idle Kwinana alumina refinery in Australia.

For more details, subscribe to HARBOR’s “Alumina & Bauxite Intelligence” reports.

LME Cash-3M contango still wide, remains supportive of cash-and-carry deals.