September 16, 2024
Executive Summary
1. LME Cash aluminum prices have range-traded within $2,150-2,530 per mton so far this quarter. Prices failed in August to breach the technical resistance zone of…
2. LME prices above $2,400 per mton look expensive and vulnerable to a gravity pull toward $2,200-2,100 per mton, as: a) world manufacturing…
3. We expect a bearish LME price trend to persist over the coming months. HARBOR continues to see LME prices bottoming out before the end of Q1 2025, not far from the $…