LME price up and testing technical resistance level; Downtrend continues for European billet spot premiums

1. LME price rises to a two-week high, testing resistance at the $... per mton zone; range-trading mode continues.

2. GREEN ALUMINUM ALERT. SUPER GREEN BILLET WAVE: Rio Tinto to add a 30k mtpy recycling facility in Arvida.

3. NEW! - GREEN ALUMINUM SPECIAL ANALYSIS: The Super Green Billet Wave.

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4. EUROPEAN BILLET ALERT. FALL CONTINUES: European billet spot premiums and domestic primary billet production continue to fall.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

5. EUROPEAN SCRAP ALERT. BULLISH: D226 prices up amid bullish pressure from Asia.

To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

6. US SCRAP ALERT. RISING ALONG: Higher demand and prices for A356 scrap wheels amid auto recovery.

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7. China’s aluminum prices test resistance at two-month highs.

8. LME Cash–3M backwardation eases marginally; conditions remain tight ahead of November.