LME price approaches key resistance at $... per mton but selling intensifies amid more news of physical contraction in demand
January 18, 2023
GREEN ALUMINUM MONITOR.
1. LME price tests a new seven-month high of $... per mton and falls sharply after US economic data confirms demand contraction.
2. China’s aluminum prices rise to the high end of a six-month trading range.
3. GREEN ALUMINUM MONITOR. Pushing for more solar-powered aluminum.
4. LME Cash–3M contango remains tight; far end spreads continue to signal producer selling.