LME price pulls back toward one-year lows; US high-purity upcharges skyrocket
July 11, 2022
ALERT – US HIGH-PURITY ALUMINUM.
1. LME prices fell back toward $... per mton on demand worries, as range-trading continues to be expected within the $... per mton zone.
2. RERUN: ALERT – US HIGH-PURITY ALUMINUM. US high-purity premiums gap up to as high as... cent/lb, as the US and NATO are left without needed aluminum grades for National Security-related sectors.
3. China’s aluminum prices drop to near-fifteen-month low.
4. LME Cash–3M contango widens slightly from tightest in three weeks.