LME price falls below $... per mton on more bearish signals; US smelter could restart... ktpy of billet/PFA green production
1. LME prices fell to as low as $... per mton. Door remains technically open for $... per mton. Selling expected to emerge at levels around $... per mton.
2. China’s aluminum prices find support at a four-and-a-half-month low.
3. ALERT! – US ALUMINUM. POTENTIAL US SMELTER RESTART: Intalco smelter in the US could restart.
4. ALERT! – US ROLLING MILL ALERT. MEGA US SITE FOR NEW MILL? New US rolling mill rumored to be built in South Alabama.
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5. GREEN ALUMINUM ALERT. NEAR-ZERO: Hydro produces aluminum using 100% post-consumer scrap.
6. LME Cash–3M contango narrows a bit from nineteen-month high while canceled warrants spike in LME Asia