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Demand for metal spikes in Asian LME warehouses; Technical buying emerges around $1,800 per mton support zone


Executive Summary

1. LME INVENTORY ALERT LME canceled warrants spike to a ten-month high amid supportive contango, premiums outlook and financing context.

2. LME prices up and above $1,800 per mton as rally pauses; price technicals and demand sentiment still consistent with short-term upward trend.

3. LME Cash–3M contango narrows amid fresh cancelations but remains premium- supportive.

4. US AND MEXICO SECONDARY MARKET ALERT. Audubon to build a secondary aluminum plant in Texas.

5. HARBOR’s Implicit Green Aluminum Upcharge assessed today at zero.

6. China’s aluminum prices testing three-month highs again.

More details in full report.