LME price slides below $... per mton; LME Cash–3M contango widens to $... per mton
November 17, 2022
ALERT! – RUSSIAN ALUMINUM.
1. LME price pull-back continues.
2. RERUN: ALERT! – RUSSIAN ALUMINUM. NO SANCTIONS, BANS, OR NEW DUTIES: As HARBOR anticipated, the US and LME have not sanctioned or restricted Russian aluminum.
3. China’s aluminum price up toward resistance levels.
4. LME Cash–3M contango remains near a five-month high; nearby and far end yields are still unattractive.