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LME price unable to rally; Another 600ktpy US mill announced

ALERT! – US ROLLING MILL.

1. LME prices remain at one-week lows amid scant buying interest and a fragile short-term technical outlook.

2. ALERT! – US ROLLING MILL. ANOTHER NEW US MILL COMING: State-of-the-art 600k mtpy rolling mill and recycling center to be built in the US Southwest.

3. ALERT! – GREEN ALUMINUM. NEW GREEN US MILL: New US mill to rely 85% on recycled content and 100% renewable energy.

4. EUROPE ROLLING MILL ALERT. EU DUTIES ON CHINA BACK ON! Suspension of AD measures against Chinese-origin FRP to be lifted.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

5. China’s aluminum prices remain below medium-term resistance levels.

6. LME Cash–3M contango narrows, but spreads into Q3 remain considerably loose.