LME prices end Nov with largest m/m decline in a decade; US billet and slab hardener’s surcharges nearing… cent/lb

1. LME prices still stuck between $… per mton after largest monthly decline in a decade.

2. ALERT! – MEGA-SMELTER SPECIAL ANALYSIS. WHY THE MEGA-SMELTER? Mega-smelter betting on CCS technology and Indonesia’s agenda.

3. US BILLET & SLAB ALERT. HARDENER SURCHARGES SET: Skyrocketing hardener prices result in surcharges nearing… cent per lb.

4. LME Cash–3M backwardation at two-week highs (bearish for P1020 premiums).

5. China’s aluminum prices stuck around key support threshold.

More details in full report.