MARKET TALK: LME Aluminum Long Plays Mkt As Warrants Rise

A hedge fund with a dominant LME aluminum long is "playing with the market" with warrant positions up to 80%-90% of the total from 40%-50% previously, says HARBOR Intelligence. Notes LME data is from two days previous "so we don't know yet whether the fund has exited its dominant position" on Wednesday's prompt date. If the fund hasn't, "we could have another month of range trading and bull agony." LME aluminum is last at $2,765 a metric ton, +1% from Wednesday's low.