LME price down 2% as US dollar rallies; China’s aluminum price down sharply from 13-year high
August 18, 2021
1. LME prices plunged by the most in four weeks after failing to break resistance at $... per mton.
2. SHFE aluminum prices fall sharply after testing thirteen-year highs.
3. LME Cash–3M backwardation remains in double digits as nearby tightness persists.
More details in full report.