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LME price climbs to fresh 23-month high; New green aluminum smelter being considered in Colombia

ALUMINUM PRODUCTION ALERT.

1. LME prices remain in a healthy upward trend that is approaching HARBOR’s price target.

2. LME Cash–3M contango tightens toward break-even levels; longer-term spreads continue narrowing.

3. ALUMINUM PRODUCTION ALERT. Neo Aluminum is considering a new smelter in Colombia by 2023-2024 with EGA technology.

4. HARBOR’s Green Aluminum Upcharge assessed at zero.

5. China’s aluminum prices face profit taking after reaching three-year highs.

More details in full report.