HARBOR reports that focus on Aluminum Market Trends & Outlook:

> Aluminum Intelligence (monthly)

Previous Reports

> Aluminum Intelligence Report: Expect Growing Tightness	11-Aug-10
> Aluminum Intelligence Report: We are no longer in bullish mode in spite growing demand	7-Jun-10
> Aluminum Intelligence Report: China and PIIGS subtracting power	4-May-10
> Aluminum Intelligence Report: Why betting against aluminum makes little sense today?	6-Apr-10
> Aluminum Intelligence Report: Correction was needed; fundamentals remain bull	11-Feb-10
> Aluminum Intelligence Report: Why aluminum will continue to surprise in 2010	22-Dec-09
> Aluminum Intelligence Report: China is and will continue to be an underestimated bullish force	19-Nov-09
> Aluminum Intelligence Report: Why our Models Point to Higher Prices	11-Oct-09
> Aluminum Intelligence Report: Inventory overhang and idled capacity won´t prevent much higher prices	11-Sep-09
> Aluminum Intelligence Report: Aluminum prices will continue to surprise to the upside as demand reverts to equilibrium	7-Aug-09
> Aluminum Intelligence Report -- Special Edition	26-Jun-09
> Aluminum Intelligence: Price patterns point to $2,000 per mton	19-Jun-09
> Aluminum Intelligence: We better pay attention; its real	6-May-09
> Aluminum Intelligence: We have seen the bottom; expect range trading before much higher prices	3-Apr-09
> Aluminum Intelligence: Getting Ready for the Price Bottom	3-Mar-09
> Aluminum Intelligence: Prices haven´t hit bottom, but we could be closer than what it seems	3-Feb-09
> ALuminum Intelligence: Living in Volatile Times…Eventual Upside as a Surprise Too?	16-Dec-08
> HARBOR`s Special Aluminum Analysis: Aluminum Demand Free Falling Status and Outlook	8-Dec-08
> Aluminum Intelligence: Feet on the ground and eyes on the horizon	24-Oct-08
> Aluminum Intelligence: According to seasonal, fundamental and structural factors prices are near to bottom	3-Sep-08

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> Weekly Aluminum Analysis

Previous Reports

> Aluminum Weekly Analysis: Key aluminum fundamentals suggest higher prices beyond short term fluctuations	26-Aug-10
> Aluminum Weekly Analysis: Demand is facing a slowdown; this is normal and not necessarily bearish	18-Aug-10
> Aluminum Weekly Analysis: What scrap tightness, energy prices and inventories are saying about aluminum	3-Aug-10
> Executive North America Downstream Demand Analysis	27-Jul-10
> Aluminum Weekly Analysis: Aluminum market getting tighter; prices will fully reflect it later on	19-Jul-10
> Special Analysis on Downstream Products Demand in NA	8-Jul-10
> Aluminum Weekly Analysis: China aluminum output cuts: Facts, Factors and Expected Effects	6-Jul-10
> Aluminum Weekly Analysis: Aluminum prices in attitude change; still waiting for an official buying signal	25-Jun-10
> Aluminum Weekly Analysis: The feedback I got from my trip to China	3-Jun-10
> Aluminum Weekly Analysis: Closer to bottom, but not officially there yet; stay put	28-May-10
> Aluminum Weekly Analysis: What seems clear in the midst of so much confusion?	18-May-10
> Aluminum Weekly Analysis: Keeping it pragmatic: two warning signals on, underlying trend hasn’t changed yet	7-May-10
> Aluminum Weekly Analysis: Latest data is not consistent with a trend reversal in demand; model perceives value in today’s prices	30-Apr-10
> Aluminum Weekly Analysis: Thoughts on Western World demand, output costs, ETF’s and US dollar	14-Apr-10
> Aluminum Weekly Analysis: The most intense scrap tightness in recent history and its effects on the market	29-Mar-10
> Weekly aluminum analysis: What is going on in the demand side of the equation?	19-Mar-10
> Weekly aluminum analysis: Price target unchanged; next wave up postponed at least a week	25-Feb-10
> Aluminum Weekly Analysis: Higher US aluminum premiums ahead; re-stocking phase in the US starting	18-Feb-10
> Aluminum Weekly Analysis: Prices to resume upward trend; a stronger US dollar could subtract some strength	12-Feb-10
> Aluminum Weekly Analysis: Is this the start of a bear market or an attractive entry point?	4-Feb-10

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> Harbor Daily Commentary

Previous Reports

> HARBOR Daily Aluminum Commentary: Fear continues to fall; one dominant player exits the market	3-Sep-10
> HARBOR Daily Aluminum Commentary: Chinese exports of aluminum products to the US will face higher tariffs; alumina prices up	31-Aug-10
> HARBOR Daily Aluminum Commentary: Aluminum prices continued to regain ground; correction/pause phase not over yet	27-Aug-10
> HARBOR Daily Aluminum Commentary: Prices down on more disappointing US data; Chalco to close obsolete capacity	25-Aug-10
> HARBOR Daily Aluminum Commentary: Prices trading near $2,000; Chalco sees aluminum global demand growing 20% this year	24-Aug-10
> HARBOR Daily Aluminum Commentary: China increases imports of scrap and alumina, remains near balance in primary	23-Aug-10
> HARBOR Daily Aluminum Commentary: Aluminum falls again to our short term correction target zone; another dominant player emerged	18-Aug-10
> HARBOR Daily Aluminum Commentary: Prices up on economic data; tax rebates for aluminum product exports in China may be reduced	17-Aug-10
> HARBOR Daily Aluminum Commentary: Prices fall slightly on disappointing economic data; output disruptions at Qatalum	10-Aug-10
> HARBOR Daily Aluminum Commentary: Aluminum falls slightly as US job market data disappoints; contango declines to $1	6-Aug-10
> HARBOR Daily Aluminum Commentary: Entering a relatively weak seasonal period; Nalco alumina price falls	5-Aug-10
> HARBOR Daily Aluminum Commentary: Aluminum remains above $2,200; global service sector adding to economic growth	4-Aug-10
> HARBOR Daily Aluminum Commentary: Prices consolidate; output restart in Ghana	3-Aug-10
> HARBOR Daily Aluminum Commentary: More comments about less tightening in China; aluminum touched levels above $2,100	29-Jul-10
> HARBOR Daily Aluminum Commentary: China’s stock market could break downward trend soon; bullish for aluminum prices	28-Jul-10
> HARBOR Daily Aluminum Commentary: China’s economic slowdown to stabilize: PBOC; WW producers unwilling to restart output	27-Jul-10
> HARBOR Daily Aluminum Commentary: "Engulfing Bull" pattern points to further gains in weeks ahead	23-Jul-10
> HARBOR Daily Aluminum Commentary: Aluminum at a one-week high above $2,000; US economic recovery slowing down: Fed	21-Jul-10
> HARBOR Daily Aluminum Commentary: Chinese stimulus plan could offset economic slowdown; aluminum alloy price above primary	19-Jul-10
> HARBOR Daily Aluminum Commentary: US manufacturing activity growth slowing down; China’s aluminum output up in June but set to fall ahead	15-Jul-10

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> Harbor Aluminum Alert (occassional)

Previous Reports

> HARBOR Aluminum Alert: Two red bull boosters activated; technically no longer in correction mode	2-Sep-10
> HARBOR Aluminum Alert: We are in buying zone in terms of industry fundamentals, prices and seasonals	1-Sep-10
> HARBOR Aluminum Alert: Global primary aluminum demand outpaced output in July; market remains in monthly deficit	26-Aug-10
> HARBOR Aluminum Alert: Prices reach lower end of target zone; output entered an under-delivery period… short term tightness continues	20-Aug-10
> HARBOR Aluminum Alert: Warning signal activated; short term correction/pause phase continues	19-Aug-10
> HARBOR Aluminum Alert: Price backwardation and comments from producers suggest indeed increasing market tightness	16-Aug-10
> HARBOR Aluminum Alert: Aluminum reaches our short term correction target zone; it is not over yet	13-Aug-10
> HARBOR Aluminum Alert: Prices approach target; alumina, freight and mill expansions suggest healthy demand	12-Aug-10
> HARBOR Aluminum Alert: Aluminum output in China fell to a seven-month low; global output faces serious challenges	11-Aug-10
> HARBOR Aluminum Alert: China tells aluminum producers to shut inefficient capacity by the end of next month	9-Aug-10
> HARBOR Aluminum Alert: Aluminum prices reach our short term target; another red bull booster activated	2-Aug-10
> HARBOR Aluminum Alert: One more red bull booster on in a context of short covering and metal scarcity	30-Jul-10
> HARBOR Aluminum Alert: Market fear falls to levels consistent with upward trends in metal prices	26-Jul-10
> HARBOR Aluminum Alert: Prices could enter “full bull market mode” any time; scrap availability at record low	22-Jul-10
> HARBOR Aluminum Alert: Global aluminum demand took off in June; warning signal turned off, red bull booster on	20-Jul-10
> HARBOR Aluminum Alert: Data suggests real growing scarcity in the aluminum market	16-Jul-10
> HARBOR Aluminum Alert: Aluminum down on more uncertainty about EU; economic/industry data positive	14-Jul-10
> HARBOR Aluminum Alert: One red bull booster activated today; China’s aluminum import figures for June suggest slowing demand	12-Jul-10
> HARBOR Aluminum Alert: Contango is falling on tightness and energy costs in China could increase ahead	8-Jul-10
> HARBOR Aluminum Alert: Global manufacturing activity slowing down; aluminum prices still in bear market	1-Jul-10

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