LME price continues to range trade, China’s primary production booms

1. LME price close at $… per mton, still unable to break away from range.

2. ALERT! – ALUMINUM PRODUCTION. BRISK EXPANSION: China’s primary aluminum production booming.

3. China’s aluminum price up but capped by technical resistance.

4. ALERT! – US SLAB. SLAB ALSO BEARISH? North American offshore slab imports may weaken in 2023.

5. LME Cash–3M contango at widest in two weeks as conditions continue to ease after December.