July 18, 2023
1. LME prices remain in a medium-term downward trend, now targeting the $… per mton zone. Prices fell in early July to a fresh nine-month low of…
2. LME prices above $… per mton increasingly look overvalued from a smelting cost perspective. The world’s average smelting cash cost fell in…
3. Consensus of analysts continues to downgrade its bullish view. HARBOR continues to see LME Cash prices of around…