February 19, 2024
Executive Summary
1. LME aluminum prices remain technically in full bearish mode, targeting $… per mton in the short term. Short-term technical rallies continue to be sold above the $… per mton resistance zone amid…
2. LME prices still look high relative to cost, demand, and metal availability trends. An ongoing decline in energy and raw materials costs for primary aluminum producers has…
3. HARBOR continues to see LME prices reaching the $… per mton zone in 2024. We continue to expect LME Cash aluminum prices to average around $.. per mton in 2024, remaining more…