LME price up on geopolitical jitters, still inside $... per mton range

January 25, 2022

LME PRICE & PREMIUM ANALYSIS.

1. LME prices rise 2% amid ongoing geopolitical risks and elevated energy prices, still testing resistance above $... per mton.

2. ALERT! – LME PRICE & PREMIUM ANALYSIS. Why sanctions on Russian aluminum exports seem unlikely at this point.

3. China’s aluminum prices rebound after closing at a two-week low.

4. INDIA ROLLING MILL ALERT. FOIL PROJECT ANNOUNCED: SRF Limited to set up a foil rolling mill in India amid rising demand foil.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

5. GREEN ALUMINUM MONITOR: Alunorf to expand scrap recycling.

For more details, please see our full “Green Aluminum Monitor” released earlier today.

6. LME Cash–3M backwardation eases but intense tightness persists after February (bearish P1020 spot premiums).

More details in full report.

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