LME price stuck between $… per mton; Europe returns from summer break paying higher P1020 premiums

1. Jamalco shutdown confirmed, expect a world deficit.

2. LME prices range-trade near 2021’s high zone of $… per mton.

3. SHFE aluminum prices test new thirteen-year intraday high.

4. EUROPEAN P1020 UPDATE. RALLY RESUMES: European consumers return from seasonal slowdown paying higher P1020 spot premiums.

5. LME Cash–3M backwardation widens to $20 per mton amid sharpest nearby tightness since 2019.

More details in full report.