LME price down to fresh three-week lows; Five million mton of smelting capacity identified for potential restarts

1. LME price closes below $... per mton as profit-taking intensifies; a bearish weekly close would raise odds for a further retracement toward $... per mton.

2. SHFE aluminum prices extend correction amid concerns about curbs on speculation.

3. LME PRICE ALERT. ANOTHER BEARISH SIGN: Alcoa sees 5 million mton of smelting capacity that could restart amid current elevated prices.

4. NORTH AMERICA PFA ALERT. SEMICONDUCTOR SHORTAGE BITES: More PFA consumers request delivery delays.

5. US EC 1350 SCRAP ALERT. STEADY DEMAND FOR PRIME REPLACEMENTS: US consumers targeting EC 1350 scrap for prompt delivery. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

6. LME Cash–3M contango remains near $... per mton while long-term backwardations continue to ease.

More details in full report.