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LME price down to multi-decade long technical support

Executive Summary

1. LME prices closed today at HARBOR's price target ($... per mton) as investors ponder whether the worst is behind. Prices trading at historically attractive value levels.

2. LME nearby contango remains the widest in a year amid plunge in Cash prices and inventory inflows.

3. China’s aluminum prices hardly changed from a four-year low.

More details in full report.