MARKET TALK: LME Aluminum To Decline; Growing Mkt Surplus

LME aluminum due to decline given growing market surplus as evidenced with 11,950 ton stock rise to 822,425 tons mostly in LME warehouses in Baltimore, says Harbor Intelligence. Upward risk from copper staging another breakout, which could spill over to aluminum; that could drive aluminum beyond $3,000/ton, Harbor says. LME 3-month aluminum last trades at $2,840, down $5 vs Thursday PM kerb.