LME price falls further as anticipated by HARBOR; Century Aluminum buys stake at Jamalco refinery
April 25, 2023
ALERT! – US ALUMINUM.
1. LME prices fall further and return to HARBOR’s anticipated predominant short-term trading range of $... per mton. More price losses ahead.
2. China’s aluminum prices drop to new one-week lows amid lingering demand weakness.
3. ALERT! – US ALUMINUM. UPSTREAM INTEGRATION: Century Aluminum to acquire alumina and bauxite operations in Jamaica.
4. ALERT! – EUROPE PFA. OUTLOOK WORRIES: Recovering European auto demand, but outlook concerns linger.
5. LME Cash–3M contango tightens again amid a steeper backwardation ahead of June.