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LME rally pauses amid profit taking; Mexico’s imported billet volumes fall to fifteen-month lows on domestic casthouse expansions

MEXICO BILLET ALERT.

Executive Summary

1. LME prices trim gains on profit taking, after reaching five-month highs on Monday; still targeting $1,940 per mton.

2. LME Cash–3M contango narrows from three-month highs but remains supportive for global premiums.

3. MEXICO BILLET ALERT. Captive billet production in Mexico expands farther, imported billet volumes fall to fifteen-month lows.

4. HARBOR’s Implicit Green Aluminum Upcharge assessed today at zero.

5. China’s aluminum prices remain capped below three-month highs.

More details in full report.