LME up 7% w/w and approaching our $...per mton price target

1. LME prices reached the $... per mton mark amid a weekly rally of 6.9% or $205 per mton. The short-term technical price target remains $... per mton.

2. SPECIAL LME PRICE ANALYSIS. LME price volatility spike signals end of rally may be near.

For more details, please see our “Special LME Price Analysis” released earlier today.

3. LME PRICE ALERT. ENERGY CRISIS IN INDIA: 4 million mtpy of primary aluminum capacity at risk amid coal shortage in India.

4. EUROPEAN P1020 UPDATE. DISCOUNTS EMERGE: Europe P1020 premiums weaken slightly as traders become more aggressive sellers.

5. EUROPEAN BILLET UPDATE. FRESH HIGHS, NEW WORRIES: Q1 2022 billet premiums jump to as high as $... per mton; fears of demand destruction emerge.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

6. EUROPEAN SCRAP MARKET. NONSTOP RALLY: Rising prices across the board amid hardener crisis and strong demand from Asia.

To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

7. US ROLLING MILL UPDATE. MORE SURCHARGES IN THE WORKS: Skyrocketing freight and metal prices pushing mills to impose new surcharges.

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

8. GREEN ALUMINUM MONITOR: Green Transparency and Metal Trading.

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

9. SHFE aluminum prices jump to new all-time highs

10. Long-term backwardations steepen to 14-year peaks as LME 3M prices rally to new 13-year highs

More details in full report.