December 11, 2024
1. LME price falls as alumina prices continue to fall.
LME Cash aluminum prices closed the session down 0.3% or $8 per mton, closing at $… per mton. Prices fell during the first half of today’s session as alumina futures…
2. China’s aluminum prices rise but continue to trade near two-month lows.
Prices continue to face selling near the… yuan per mton zone. SHFE front-month aluminum prices closed today’s session up 0.4% at…
3. LME Cash–3M contango unchanged at three-month highs, above breakeven levels for short-term financing deals.
The Cash-3M contango held unchanged from yesterday at a three-month high of $… per mton (a 7.1% annualized yield). The December–January contango widened to $…