LME price up and testing again resistance; Why US Sanctions on Rusal seem unlikely

1. LME price up and testing $… per mton resistance zone.

2. SPECIAL ANALYSIS – US ALUMINUM.  In our view, US Sanctions on Rusal seem unlikely as it would be inconsistent with…

3. China’s aluminum price still unable to approach upper end of range-trading zone.

4. GREEN ALUMINUM MONITOR. Update on some scrap recycling investments.

For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report.”

5. LME Cash–3M spread loosens from yesterday’s steep backwardation, LME inventory deliveries continue.