LME prices fall to one-month low amid spike in world aluminum inventories

February 8, 2023

ALERT! – INVENTORY BUILDUPS.

1. LME price falls further and closes inside our identified short-term range of $... per mton. Prices down... % in three weeks.

2. ALERT! – INVENTORY BUILDUPS. RISING AVAILABILITY & SURPLUS. Aluminum inventories jump across LME Asia and China—more buildups ahead.

3. RERUN: ALERT & ANALYSIS! Tariffs on Russian aluminum.

For more details, please see HARBOR’s “ALERT & ANALYSIS! Tariffs on Russian Aluminum” released last Monday, February 6.

4. ALERT! – US ROLLING MILL. MILL INVESTMENTS CONTINUE. Gränges invests further in Newport rolling mill.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

5. China’s aluminum prices fall after testing medium-term technical resistance.

6. LME Cash–3M contango widens to fresh seven-week high amid growing metal availability.

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