LME price stuck within $… per mton range; LME backwardation persists

1. LME prices unchanged amid profit-taking and ongoing support from geopolitical jitters.

2. RERUN: ALERT! – LME PRICE & PREMIUM ANALYSIS. Why sanctions on Russian aluminum exports seem unlikely at this point.

For more details, please see our full “LME Price & Premium Analysis” released yesterday.

3. China’s aluminum prices remain below recent three-month highs.

4. LME Cash–3M backwardation persists amid narrow availability of LME inventories (bearish P1020 spot premiums).

More details in full report.