LME price fails again to take on key resistance level; Booming M&A activity in the scrap/remelting industry

1. LME prices marginally up but still unable to close above key $… per mton resistance zone.

2. China’s aluminum prices unable to sustain gains above medium-term resistance.

3. ALERT! – US ALUMINUM. RECYCLING/REMELTING CONSOLIDATION: MetalX to acquire US remelter SRT Aluminum.

4. LME Cash–3M contango widens sharply amid loosening conditions through August.