LME price still below interim resistance; Potential smelting curtailment in Germany
August 8, 2022
EUROPEAN ALUMINUM ALERT.
1. LME price still unable to exit range trading mode amid subdued volume.
2. EUROPEAN ALUMINUM ALERT. NEXT IN LINE: Speira could cut... mtpy of smelting capacity.
3. China’s aluminum prices testing resistance near three-week highs.
4. LME Cash–3M backwardation intensifies again amid October–November tightness.