Novelis to build a... k mtpy recycling center in Ky; LME price rallies and re-enters HARBOR’s target zone
1. LME prices re-enter HARBOR’s $... per mton target zone with lack of fresh long buying suggesting market remains somewhat skeptical of the rally.
2. China’s aluminum prices rise to an eleven-week high.
3. ALUMINUM PRODUCTION ALERT. CHINA IS EXPANDING PRODUCTION AGAIN: China’s December aluminum smelting run rate up m/m.
4. ALERT! – SECONDARY SLAB EXPANSION NEWS AND ANALYSIS. GREEN GOLD BOOM: Novelis to build a... k mtpy recycling center in Kentucky.
5. RERUN: US FOIL ALERT. HIGHER DUTIES SOUGHT: US foil producers seek higher AD duties on imports from Turkey.
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6. LME Cash–3M contango narrows as tightness beyond March persists (unsupportive P1020 spot premiums).
More details in full report.