MW premium gaps down to a five-month low; LME prices up as range-trading persists

 
US MW PREMIUM ALERT

1. US MW PREMIUM ALERT – From HARBOR’s Aluminum Pricing Unit. BEARISH STORM CONTINUES: MW premium gaps down to… cent/lb.

2. LME prices bounce back on easing demand fears and ongoing support near $… per mton.

3. China’s aluminum prices post limited rebound; still trading near key support levels.

4. LME PRICE ALERT. LME PRICE BEARISH: China’s semis exports boom amid open arbitrage.

5. ALUMINUM PRODUCTION ALERT. Power supply tightness in Iceland threatens to disrupt operations for two primary aluminum smelters. Production losses not confirmed yet, but billet production could be impacted.

6. GREEN ALUMINUM UPDATE. BETTING ON WIND POWER: Australia’s smelter could shift to 100% renewables.

7. LME Cash-3M backwardation eases but intense tightness persists from December to January (still bearish for P1020 premiums).

More details in full report.

 

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