LME price falls along with weaker demand conditions; No material effect from UK’s LME warranting suspension

1. LME prices decline again as world manufacturing activity weakens further (as anticipated).

2. China’s aluminum prices fall back toward two-week lows.

3. LME WAREHOUSING UPDATE. NO EFFECT: LME warehouses in the UK will no longer accept freshly produced Russian aluminum.

4. LME Cash–3M contango widens as conditions ease through June, remains unsupportive for cash-and-carry deals.

5. EUROPEAN SCRAP ALERT. SECONDARY ACTIVITY PLUNGES: Europe’s secondary aluminum market halts.

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6. MEXICO SCRAP ALERT. BATTLE INTENSIFIES: Mexican buyers struggling to compete against the export market.

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7. US SCRAP ALERT. HEATED COMPETITION IN THE US SOUTH: Mexican buyers increasingly looking for scrap items in the US south region.

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