LME price struggling to trade above $… per mton; Magnesium prices continue to fall

1. LME prices still in short-term range-trading mode; a bearish weekly close could open the door for levels of $… per mton and below.

2. MAGNESIUM UPDATE. PRICE DECLINE CONTINUES: China’s magnesium prices reach five-month lows.

3. China’s aluminum prices remain stuck in a narrow range below a two-week high.

4. EUROPE PFA ALERT. HEADWINDS LINGER: PFA premiums unchanged as the auto supply chain struggles.

5. LME Cash–3M contango tightens to a four-week low amid Cash-May backwardation (bearish for spot P1020 premiums).

6. ALERT! – Mexico Aluminum Scrap. THE SILENT WAR: Mexican scrap buyers are more active than ever in Texas.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.