1. LME price rallies as fears of logistics disruptions persist amid Ukraine-Russia crisis, no new highs reached.
2. LME Cash–3M backwardation remains severe, although less intense than last week.
3. US MW PREMIUM ALERT – from HARBOR’s Aluminum Pricing Unit.WAR BULLISH PRESSURE & MORE: Higher LME prices and logistics issues worldwide set to push MW spot premiums to new record highs.
4. ALERT! – ALUMINA PRICES. BULLISH ALUMINA: Rusal halts alumina production in Ukraine; we continue to see $… per mton and possibly higher.
5. China’s aluminum prices rebound after testing a one-week low. The arbitrage to import aluminum semis from China has widened toward a four-year high.
6. US OLD CAST UPDATE. Old cast prices up on export competition and hardeners.
More details in full report.