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