1558 GMT - LME three-month aluminum rises 1.8% to $2,636.0 a metric ton on a weaker U.S. dollar and rising U.S. scrap imports. U.S. imports of primary aluminum products fell 15% on year in April and May, with Canadian volumes taking most of the hit as tariffs damp consumer demand, Morgan Stanley analysts say in a note. That said, with scrap exempted from tariffs, U.S. scrap aluminum imports rose 35% on year between March and May in order to feed rolling mills, MS says. A strong Midwest premium--the U.S. premium paid over LME prices--suggests some aluminum is buying is returning, and upcoming company earnings will be scrutinized by the market for more commentary around aluminum demand, MS says. LME three-month copper is up 1% at $9,777.50 a ton. (joseph.hoppe@wsj.com)

(END) Dow Jones Newswires

July 18, 2025 11:58 ET (15:58 GMT)

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