LME Price Unable to Exit Bearish Mode
October 12, 2023
Executive Summary
1. LME prices remain in a technical downward trend targeting $2,000 per mton. LME aluminum prices rallied at the end of Q3 to a five-month high just above $...
2. Fresh lows seen before year-end amid demand contraction, market surplus and cost curve indicators. The demand outlook remains bearish amid the...
3. HARBOR remains more bearish than the Consensus for 2024. HARBOR continues to forecast LME Cash prices of around $... per mton in 2024, while the Consensus forecast...