LME price rally reaches target; North America foundry demand resilient despite auto curtailments
1. LME PRICE UPDATE. LME prices hit HARBOR’s short-term bullish target. A break higher would allow $... per mton to be reached soon.
2. NORTH AMERICA PFA ALERT. STILL RESILIENT: PFA demand strong despite auto plant curtailments.
3. CAN ALUMINUM ALERT. CAN INDUSTRY IS SERIOUS ABOUT SUSTAINABILITY: Norsk Hydro supplies CIRCAL to HELL ENERGY Group.
4. LME backwardation persists ahead of March amid big short positions and lack of prompt availability.
5. China’s aluminum prices consolidate gains at a six-week high; weeklong holiday begins.
More details in full report.