Century to increase green billet/foundry production by... ktpy; LME price down to a fresh nine-week low of $...
November 4, 2021
ALERT! - GREEN ALUMINUM.
1. LME prices fall further, with $... per mton as a short-term technical target.
2. ALERT! - GREEN ALUMINUM. MORE GREEN BILLET AND PFA SUPPLY: Century to build a new casthouse in Iceland and produce... ktpy of more green billet and PFA.
3. CHINA SPECIAL ANALYSIS. RESTARTS COMING: Restarts and ramp-ups to occur despite Yunnan’s cancelation of preferential energy prices for aluminum.
4. China’s aluminum prices remain in downward trend.
5. SECTION 232 SPECIAL ANALYSIS. More details on Section 232 tariff rate quotas and effects on prices.
Please see our full “Section 232 Special Analysis” released earlier today.
6. LME Cash–3M contango widens; long-term backwardations eases further.
More details in full report.