LME price challenges high end of resistance zone; World aluminum production up the most in 3 years
March 22, 2021
ALUMINUM PRODUCTION UPDATE.
1. LME prices closes slightly above the $... per mton resistance zone. Tomorrow's price developments are key for future direction.
2. ALUMINUM PRODUCTION UPDATE. World primary aluminum production expanded in February the most in three years.
3. China's aluminum prices facing resistance; arbitrage narrows.
4. LME Cash–3M contango tightens amid warrant cancelations but is still good enough for cash and carry deals.
More details in full report.