1. LME prices up after falling sharply late last week.
2. LME Cash–3M contango narrows from 15-year highs, still supportive for new cash-and-carry deals.
3. SPECIAL ANALYSIS – US ALUMINUM IMPORTS. US Tariffs on Russia will reach over… % but are seen having limited effect on both primary and aluminum semis imports.
4. ALERT! – SMELTING COSTS. Smelting costs fall toward $… per mton.
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5. ALERT! – US ROLLING MILL. DEMAND WOES CONTINUE. Prices fall further albeit at a slower rate on weak demand.
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6. ALERT! – US SCRAP. SCRAP IS AVAILABLE. Scrap demand remains lackluster, supply ample, discounts attractively wide.
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7. ALERT! – EUROPE PFA. UNCHANGED. No impact seen on European PFA from US import tariffs on Russian metal.
8. China’s aluminum prices rebound after nearing two-week lows.