LME cash price falls below $... per mton on mounting metal availability
March 7, 2023
ALERT! – CHINA ALUMINUM GREEN PRODUCTION.
1. LME price falls further amid deteriorating short-term technicals, mounting demand concerns, and ample metal availability. Prices targeting the $... per mton zone in the short term.
2. China’s aluminum prices pull back to a one-week low.
3. ALERT! – CHINA ALUMINUM GREEN PRODUCTION. TO BECOME WORLD’s GREENEST: Yunnan sees green smelting projects as a top priority, with more expansions coming.
4. LME Cash–3M contango and far-end spreads supportive for cash-and-carry deals amid ample metal availability.