1. LME price drops and continues to struggle to gain technical momentum.
LME Cash aluminum prices closed the session down 0.3% or $8 per mton, at $… per mton. Prices reached a new one-week high overnight following reports that some…
2. China’s aluminum prices hold around the 20,500 yuan per mton support zone.
SHFE front-month aluminum prices closed today’s session up by 0.6% at… yuan per mton. Prices tested early in the session a one-week intraday high of…
3. ALERT! – US BILLET. DOMESTIC SUPPLY PREFERENCE: US extruders sourcing less billet from offshore.
US imports of offshore billet continue to fall amid growing…
4. ALERT! – GREEN SMELTER. NEW EUROPEAN GREEN SMELTER: Rio Tinto could partner in building a green aluminum smelter in Finland.
Rio Tinto aims to participate in the development of what could be Europe’s first new primary aluminum smelter in three decades…
5. ALERT! – US MAGNESIUM. RISKS AHEAD IN 2025: US magnesium market vulnerable to supply and price shock.
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6. The LME Cash–3M contango widens further but remains uneconomic; conditions ease after February.
The Cash-3M contango widened further to one-week highs of $…per mton (a 4.4% annualized yield) from $…per mton previously.