August 15, 2023
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LME prices are approaching our $2,000 per mton target. LME Cash aluminum prices have fallen 5% so far in August, retracing to eleven-month lows around $… per mton.
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Recession in the aluminum industry to remain the main bearish driver for LME prices into year-end. World manufacturing activity has been in technical recession since…
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We see LME prices hitting the $… per mton zone as soon as this quarter, as we have consistently anticipated since last year. HARBOR continues to see LME Cash prices averaging $…. per mton in 2024, while the Consensus forecast expects $… per mton after considerable downgrades in the past months.