LME cash price slides to $... per mton zone as metal availability spikes; US imposes tariffs but not sanctions on Russian aluminum

1. LME Cash price plunges to a seven-week low of $... per mton, down... % amid dissipation of Sanctions uncertainty, a growing aluminum surplus, and higher interest rate levels expectations.

2. LME Cash–3M contango widens to a 15-year high of $... per mton, supportive for new cash-and-carry deals.

3. ALERT! – TARIFFS IN THE US BUT NO SANCTIONS ON RUSSIA CONFIRMED. TARIFFS, NOT SANCTIONS: US will impose a 200% Tariff on imports of Russian aluminum, bearish LME price and MW premium.

4. ALERT! – IMPLICATIONS OF LATEST US TARIFFS. MORE DETAILS NEEDED. Latest US Tariffs set to impact imports of some aluminum finished products from all other countries.

5. ALERT! – CHINA ALUMINUM. CHINESE GROWING SURPLUS: China’s primary aluminum surplus swells.

6. China’s aluminum prices fall to the lower end of their seven-month trading range.

7. RERUN: ALERT! – US BILLET. NEW LOWS: US billet spot declines to as low as... cent/lb.

For more details, please see HARBOR’s “Alert! – US Billet” released on February 23.

8. ALERT! - MEXICO SCRAP. NOT IMPROVING.

For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.

9. ALERT! – EUROPEAN SCRAP. MIXED TRENDS: There is an uneven development in the European scrap and secondary markets.

For more details, please subscribe to HARBOR’s specialized Europe Scrap Intelligence Report.