LME prices fall and test HARBOR’s $... per mton target; US based PerenniAL acquires Rusal America
1. LME prices down to a three-month low, virtually reaching again HARBOR’s $... per mton target.
2. HARBOR FIRST ALERT. MANAGEMENT BUYOUT: US based PerenniAL acquires Rusal America to expand product, origin, and geographical offering.
3. China’s aluminum prices continue to find medium-term technical support
4. ALUMINUM PRODUCTION ALERT. EXPANDING INDIAN PRODUCTION: Vedanta expands aluminum production by... k mton y/y in Q1.
5. LME Cash–3M contango widens amid easing May backwardation; far-out backwardations ease toward four-month lows.