LME price up from seven-week lows; China’s aluminum production reaches fresh record highs
October 18, 2023
ALERT! – CHINESE ALUMINUM PRODUCTION.
1. LME price regains ground but remains below $... per mton.
2. ALERT! – CHINESE ALUMINUM PRODUCTION. RECORD HIGH PRODUCTION: China's primary aluminum production reaches new all-time high.
3. China’s aluminum prices still testing short-term technical support levels.
4. ALERT! – CANADA SLAB. SLAB EXPANSION: ABI to expand casting capacity in Quebec.
5. LME Cash-3M contango narrows to four-month lows as a nearby backwardation emerges (bearish premiums).