LME price down amid demand contraction; European consumers voice opposition to sanctions or restrictions

1. LME price maintains bearish momentum as end-user demand contraction deepens.

2. ALERT! – SANCTIONS ALUMINUM. OPPOSING SANCTIONS: Five European industry groups voice opposition to aluminum sanctions or restrictions.

3. China’s aluminum price lacking short-term direction; range-trading continues.

4. RERUN: ALERT! – EXPORT BAN MEXICO. THERE IS NO BAN ON MEXICO’s SCRAP EXPORTS: Mexico’s aluminum scrap exports not included in official measures against inflation.

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5. LME Cash–3M contango holds at three-week highs, still unprofitable for financing deals.