1. LME price posts largest weekly gain since June; bullish mode continues.
LME 3M aluminum prices closed the week up… % or $… per mton,closing on Friday at $…
2. ALERT! – US RESTARTS. S232 SPARKS US RESTARTS: Century announces Mt. Holly’s restart, Hawesville likely. Payback of restart is expected in less than a year.
Century Aluminum will restart 50k mtpy of idled capacity at Mt. Holly citing “Section 232 is working.” Restarts at Century’s Hawesville and Alcoa’s Warrick may follow soon amid growing certainty that the new Section 232 Tariff regime will likely stay as it is.
US Section 232 Tariff hike to…
3. ALERT! – EUROPEAN BILLET. SUMMER DOLDRUMS: EU spot billet demand stops as maintenance work begins.
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4. ALERT! – EUROPE UBC. TWO TALES: Wide UBC discounts for mills, tighter margins for suppliers.
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5. ALERT! – US SILICON. CAUTION REIGNS: Silicon prices spike on Tariff uncertainty.
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6. China’s aluminum price falls from two-week highs amid thin trading.
SHFE front-month aluminum price closed today’s session down… % at… yuan per mton ($… per mton, ex-VAT). Prices eased from yesterday’s two-week highs amid downward pressure on…
7. LME Cash-3M contango remains tight, making inventory financing deals uneconomic (bearish P1020 premiums).
The Cash-3M contango closed the week widening to $… per mton,from yesterday’s $… per mton. Most of the easing in nearby spreads resulted from the Cash–August backwardation easing to…