LME price up but still below $... per mton; Indian aluminum units predominate in LME warehouses
February 9, 2023
ALERT! – LME INVENTORIES.
1. LME price touches fresh lows, bounces and closes inside the $... per mton range.
2. WHAT METAL ORIGIN PREDOMINATES? Indian aluminum units predominate in LME warehouses, and Russian follows.
3. China’s aluminum price unable to rebound.
4. GREEN ALUMINUM MONITOR. Increasing scrap content and expanding recycling capacity.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report.”
5. LME Cash–3M contango narrows from seven-week highs, remains supportive for inventory financing deals.