1. LME price falls today… %, the largest daily drop in two months.
2. China’s aluminum prices drop to a one-month low.
3. ALERT! – US BILLET. BAD OMEN: North American billet demand contraction deepens.
4. ALERT! – EUROPEAN P1020. PLUNGE CONTINUES: European P1020 premiums down to 16-month lows.
5. ALERT! – EUROPEAN BILLET. FALL OFF: European spot billet premiums down to $… per mton.
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6. EUROPE PFA ALERT. AWAITING: European PFA spot premiums unchanged, while extended 2023 contract negotiations continue.
7. ALERT! – EXPANDING PRODUCTION. BILLET EXPANSION APPROVED: Vedanta’s Board approves 414k mtpy expansion.
8. ALERT! – EUROPE SCRAP. PRODUCTION HALT.
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9. LME Cash–3M contango widens above $… per mton as conditions ease after December (still bearish premiums).