1. LME price fails to extend rebound amid weak demand outlook and lower alumina prices.
LME 3M aluminum prices closed today at $… per mton, down 0.8% or $… per mton from yesterday. LME Cash aluminum prices fell to $…
2. China’s aluminum prices retreat toward three-month lows amid demand concerns.
SHFE front-month aluminum prices closed today’s session up 0.3% at… yuan per mton but retreated in after-hours to as low as… yuan per mton, nearing recent three-month intraday lows. Downward pressure emerged amid…
3. ALERT! – US PFA. BEARISH PROSPECTS: Auto market weakness hurting North American PFA.
4. ALERT! – EUROPE ALUMINUM. EUROPEAN ALUMINUM ASSOCIATION: Calls for Sanctions, Scrap Leakage Curbs and CBAM Reform.
European Aluminium has outlined its key policy priorities in a letter to the new President of the Council of the European Union. These include sanctions on Russian aluminum, curbing aluminum scrap leakage, a review of the Carbon Border Adjustment Mechanism (CBAM), stronger trade defenses against China, and efforts to prevent the potential reimposition of US Section 232 Tariffs.
5. GREEN ALUMINUM MONITOR. DOUBLING DOWN OR EXITING: Some upgrade their green goals, others downgrade them.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” report.
6. LME Cash-3M contango widens again above breakeven for financing deals.
The Cash-3M contango widened to $… per mton (a 5.1% annualized yield) from $… per mton previously. The January–February was….