SPECIAL ANALYSIS! – RECESSION IN THE ALUMINUM INDUSTRY.
1. LME price falls below $2,100 per mton and confirms breach of previous short-term narrow trading range. Target remains $2,000 per mton.
2. SPECIAL ANALYSIS! – RECESSION IN THE ALUMINUM INDUSTRY. We have been in technical recession since last February.
3. LME Cash–3M contango at the widest since 2008, signaling ample and growing metal availability.
4. ALERT! – EUROPEAN BILLET. FALL CONTINUES: Q4 European billet premiums fall continues.
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5. GREEN ALUMINUM MONITOR. Aerosol cans becoming greener.
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6. SHFE aluminum prices retreat toward the low end of their one-year-old trading range.