LME prices trading in tight range; Another mega recycling project coming in China

1. LME prices in tight range trading after correcting down 8% in the prior two weeks, trading volumes declines amid end-of-year.

2. China’s aluminum price retreats toward recent five-week lows.

3. ALERT! – CHINA SCRAP. MEGA RECYCLING PROJECT COMING. Another 800k mtpy recycling expansion announced in China

4. ALERT! – GREEN ALUMINUM. SUPER GREEN CANS: 100% recycled aluminum cans gain momentum in Japan.

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

5. ALERT! – EUROPEAN P1020. YEAR-END SUPPORT: European P1020 duty-paid premiums up after six months of declines.

6. RERUN: ALERT! – US & MEXICO COMMON ALLOY. DEMAND CORRECTION IN Q4. Common Alloy coil demand in US/Mex plummets.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

7. LME Cash–3M contango remains below $... per mton, still not attractive for financing deals.