1. ALERT & ANALYSIS! – EUROPE ALUMINUM. CONFIRMED: NO BAN OR SANCTIONS COMING: As HARBOR anticipated, the EU is not considering additional restrictions on Russian aluminum products.
2. LME price remains near two-week lows amid reports that confirm no additional EU ban against imports of Russian aluminum products.
3. China’s aluminum price stuck within a multi-month trading range as a weeklong holiday begins.
4. ALERT! CHINA ALUMINUM. MORE EFFICIENT SMELTING CAPACITY COMING: China Announces State-of-the-Art Smelting Capacity Projects.
5. ALERT! – US A380.1. INCHING UP: A380.1 alloy price rises amid scrap cost pressures.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. LME Cash-3M contango widens but remains nearly the tightest in three months (bearish P1020 premiums).