LME Price Approaching HARBOR’s $2,000 per mton Target

LME prices are approaching our $2,000 per mton target. LME Cash aluminum prices have fallen 5% so far in August, retracing to eleven-month lows around $... per mton.
 

Recession in the aluminum industry to remain the main bearish driver for LME prices into year-end. World manufacturing activity has been in technical recession since...
 

We see LME prices hitting the $... per mton zone as soon as this quarter, as we have consistently anticipated since last year. HARBOR continues to see LME Cash prices averaging $.... per mton in 2024, while the Consensus forecast expects $... per mton after considerable downgrades in the past months.