LME prices climb as support holds; Nearby LME contango tightens considerably (bearish premiums)
1. LME PRICE UPDATE. LME prices rally 3% as short-term support at $... per mton holds.
2. China’s aluminum prices climb back above key technical support levels.
3. US PFA ALERT. SILICON SURCHARGE: 2022 PFA contractual negotiations extend amid silicon surcharge intricacies.
4. GREEN ALUMINUM ALERT. MORE SOLAR ALUMINUM: Albalaunches tender for solar farm.
5. As anticipated, the LME Cash–3M contango tightened sharply today to $... per mton as Dec-Jan backwardation intensifies (bearish P1020 premiums).
More details in full report.