February 21, 2025
Executive Summary
1. LME prices have continued to trade inside the $2,500-2,750 per mton range. On one hand, LME prices have been supported by speculative inflows across the…
2. LME prices continue to look expensive considering current smelting cost levels, the growing world aluminum surplus, bearish market…
3. HARBOR continues to see high odds of a correction in the coming months toward $…