LME price plunges to key $… per mton amid demand destruction and supply expansions

 
LME PRICE ALERT.

1. LME PRICE ALERT. LME prices plunge to key $… per mton support level, as demand destruction continues while primary and secondary supply expands to fresh record with no relevant disruptions.

2. LME Cash–3M contango narrows from an eight-month high, but remains supportive for P1020 premiums.

3. China’s aluminum prices pull back to a six-week low.

4. GREEN ALUMINUM ALERT. GOING GREENER: EGA planning to procure grid power to increase production of Green/Low-Carbon aluminum.

 

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