LME prices up on technical bounce; Section 232 Tariffs on European aluminum products to continue

1. LME prices climbed... % after last week’s... % sell-off, still unable to confirm gains above $... per mton which could open a door for $... per mton if the technical bounce fails to hold.

2. SHFE aluminum prices continue to bounce back from Friday’s two-week lows.

3. SECTION 232 UPDATE. NO EUROPEAN EXEMPTION YET: EU will continue to pay Section 232 tariffs while trade talks continue.

4. US WIRE ROD ALERT. STABLE AT HIGH LEVELS: EC rod premiums steady as market tightness lingers.

5. MEXICO UBC SCRAP ALERT. UBC DEMAND WEAKENS: Mexico’s UBC market in a soft patch. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

6. MEXICO 6063 SCRAP ALERT. TRADING RANGE WIDENS: Mexico's 6063 scrap prices show exhaustion signs. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. MEXICO SCRAP ALERT. RISING TRUCK THEFTS: High metal prices making it more dangerous to move units. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

8. LME Cash–3M contango widens further as nearby tightness dissipates (supportive for P1020 premiums).

More details in full report.