LME prices climb as support holds; Nearby LME contango tightens considerably (bearish premiums)

1. LME PRICE UPDATE. LME prices rally 3% as short-term support at $… per mton holds.

2. China’s aluminum prices climb back above key technical support levels.

3. US PFA ALERT. SILICON SURCHARGE: 2022 PFA contractual negotiations extend amid silicon surcharge intricacies.

4. GREEN ALUMINUM ALERT. MORE SOLAR ALUMINUM: Albalaunches tender for solar farm.

5. As anticipated, the LME Cash–3M contango tightened sharply today to $… per mton as Dec-Jan backwardation intensifies (bearish P1020 premiums).

More details in full report.