LME price down to HARBOR’s $... per mton target amid 10% selloff in oil prices

1. LME prices drop to fresh three-month lows, continue to test HARBOR’s forecasted $... per mton level. A $... per mton zone visit is not ruled out within the next two weeks.

2. China’s aluminum price holds at three-month lows.

3. ALERT! – US A380. STRUGGLING TO GO HIGHER: Lack of spot demand keeps A380 ingot prices unchanged despite firmer scrap prices.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

4. ALERT! - GREEN ALUMINUM. GOING FOR 100%: Near-100% can recycling rates required for 2050’s net-zero goal.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.

5. LME Cash-3M contango yield remains supportive for cash-and-carry deals amid ample metal availability.