LME's bearish trend unchanged despite big weekly rally

1. LME prices soar back to the $... per mton resistance zone after virtually reaching HARBOR’s $2,000 per mton target zone earlier this week.

2. China’s aluminum price holds at two-week highs despite mixed economic data.

3. ALERT & ANALYSIS! - US ALUMINUM. US TAX CREDIT FOR SMELTERS: US P1020 and Purity aluminum producers could get $... million per year.

4. ALERT & ANALYSIS! – UK SANCTIONS. NO REAL IMPACT: UK announces new sanctions on Russian metal, no significant impact expected.

5. LME Cash-3M contango remains wide at $... per mton amid loose physical market conditions.

6. ALERT! – EUROPE SCRAP. SECONDARIES STEP IN: Lower LME, wide spreads and scant demand allow secondaries to buy extrusion scrap.

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