1. LME Cash price drops slightly and remains below $… per mton, with bearish short-term technical indicators targeting $… per mton.
2. Nearby and far-end LME spreads remain too tight for profitable cash-and-carry deals (bearish P1020 premiums).
3. ALERT! – GREEN ALUMINUM. WORLD’S GREENEST SMELTER: Rio Tinto is transforming the Arvida smelter into one of the world’s greenest.
For details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
4. ALERT! – JAPAN ADC12. UNUSUAL: Indian ADC12 prices are trading above Japan’s.
For details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. The Shanghai Futures Exchange (SHFE) was closed due to China’s week-long New Year holiday. Trading will resume on Monday, February 19, 2024.