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LME prices stuck around $1,700 per mton; DoC to monitor aluminum imports, no impact expected

Executive Summary

1. LME prices rise but continue to test a key support zone; speculative sentiment deteriorates on rising fear levels.

2. LME Cash–3M contango narrows on April–May tightness (no longer supportive for spot premiums).

3. US ALUMINUM ALERT. DoC to monitor aluminum imports; no impact on imports expected.

4. China’s aluminum prices still testing key support zone.

More details in full report.