LME price fails again to take on key resistance level; Booming M&A activity in the scrap/remelting industry
1. LME prices marginally up but still unable to close above key $... per mton resistance zone.
2. China’s aluminum prices unable to sustain gains above medium-term resistance.
3. ALERT! - US ALUMINUM. RECYCLING/REMELTING CONSOLIDATION: MetalX to acquire US remelter SRT Aluminum.
4. LME Cash–3M contango widens sharply amid loosening conditions through August.