LME price climbs to anticipated resistance level; Cash–3M backwardation eases
August 11, 2022
ALUMINA ALERT.
1. LME price hits the upper end of HARBOR’s identified trading range of $... per mton.
2. China’s aluminum prices test resistance at one-month highs.
3. ALUMINA ALERT. NEW ALUMINA PLAYER: Adani planning to build a 4 million mtpy alumina refinery in India.
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4. LME Cash–3M backwardation eases; on-warrant inventories rise in Malaysia.