LME price plunges below key $…per mton zone; Russian metal seen as LME-functional

1. LME price down 2% and testing HARBOR’s $… per mton target zone.

2. China’s aluminum prices fall amid prevailing technical resistance.

3. ALERT! – LME INVENTORIES. RUSSIAN METAL REMAINS FUNCTIONAL: Russian continues to be loaded in and out of LME warehouses.

4. ALERT! – ALUMINUM SMELTING. GREEN SUPPLY SHIFT: Rio Tinto to further expand its AP60 smelter in Canada.

5. ALERT! – GREEN ALUMINUM. ANOTHER SECONDARY BILLET PLANT COMING: Hydro to build a 120k mtpy recycling plant in Spain.

For more details and the latest developments in the Green Aluminum market, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

6. LME Cash-3M contango above $… per mton, supportive of cash-and-carry deals for the most competitive players.