LME and SHFE prices fall further as selling intensifies; US/Canada 2024 billet upcharges fall further into single-digits

ALERT! – US BILLET.

 

  1. LME prices retreat toward one-month lows below $… per mton as a bearish range-trading formation persists.

  2. China’s aluminum price falls to new three-month lows amid deteriorating technicals.

  3. ALERT! – US BILLET. SINGLE DIGITS IN CANADA TOO: 2024 contractual billet upcharges fall further across the board.

  4. RERUN: HARBOR FIRST! – WORLD BILLET & SLAB. IT’S OFFICIAL: WORLD’S LARGEST AND GREENEST: Rio Tinto completes the strategic acquisition of 50% of Matalco.

    For more details, please see HARBOR’s “Harbor First! World Billet & Slab” released last Friday.

  5. ALERT! – GREEN ALUMINUM. GREEN PARTNERSHIP: Hydro partners with Volvo to lower emissions in vehicle production.

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

  6. LME Cash-3M contango widens to +$… per mton amid growing metal avaiability.

 

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