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LME prices surge as Rio Tinto declares force majeure on alumina
Rio Tinto alumina shipments disrupted; Protestors hold up aluminum waste relocation in Thailand.
Rio Tinto alumina shipments disrupted; Protestors hold up aluminum waste relocation in Thailand.
The recycled aluminum market braces itself for price drops as LME aluminum inflows flood the warehouses causing a surplus in primary
Latest AA shipment report for extrusions shows persistently weak demand
Aluminum Market Update: Prices Hold Steady, Chinese Imports Surge, and Yunnan Ramps Up Capacity
The LME aluminum price has overcome an important resistance level at $2,300/mt but it remains to be seen if support can be built above that level.
The LME 3-month price is moving higher on the morning of 12 March and was last seen trading at $2,263 /t. The LME has increased by around $30 /t since the start of the week amid a softer dollar in anticipation of US CPI inflation data later today. SHFE aluminium was broadly stable today again. […]