1. LME price is still in a narrow short-term range of $… per mton with a bearish bias.
2. China’s aluminum prices rebound toward technical resistance levels.
3. ALERT! – US BILLET. WEAKNESS WIDENS: US spot billet upcharge range widens to… cent/lb.
4. ALERT! – EUROPEAN BILLET. Spot billet premiums in Spain weaken to the lowest level in over two years, while regional extrusion demand contracts and oversupply conditions bite.
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5. ALERT! – EUROPE SCRAP. SLIDING FURTHER: The downward trend on D226 prices sees no relief, secondary margins narrow further.
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6. ALERT! – US UBC. UBC spreads seem far from narrowing as lingering oversupply weighs on the market.
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7. GREEN ALUMINUM MONITOR. First-of-its-kind green initiatives.
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8. ALERT! – RUSSIA EXPANSION. NEW ALUMINA REFINERY COMING: Rusal to build a 4.8 million mtpy refinery by 2032.
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9. LME Cash-3M contango widens above $40 per mton, supportive of short-term cash and carry deals.