1. LME price remains supported above $2,600 per mton amid Fed rate cut bets and supply-side concerns.
LME 3M aluminum prices regained ground late in the session, rising from intraday lows of $… per mton to close at $… per mton, up… % or $… per mton from yesterday. Aluminum prices remained bolstered by expectations for the Fed to cut interest rates next month and a…
2. ALERT! – SMELTER SHUTDOWN. SMELTER SHUTDOWN: South32 mulls curtailment of… k mtpy smelter in Mozambique.
South32 expects to shut down operations at the Mozal smelter next March, as it has not yet secured a viable electricity agreement to operate it beyond Q1 2026. If the shutdown materializes…
3. LME Cash-3M spread tightness persists amid concentrated warrant holdings and futures positions.
The Cash-3M contango tightened today to $… per mton, from $… per mton on Wednesday. The Cash–August contango tightened to $…
4. China’s aluminum price drops on economic slowdown concerns.
SHFE front-month aluminum price closed the session down… % at… yuan per mton ($… per mton, ex-VAT). China’s aluminum prices continued to experience selling pressure amid recently disappointing economic data, but…