Bloomberg Economics reports that Canada's trade surplus hit a four-year high driven by aluminum exports.

Slovakia announces plans to revive primary aluminum production at a plant that was once one of Europe's largest producers.

WTI crude oil surged 7% intraday, breaking above $93/barrel; Brent crude rose over 5% to $95.31/barrel.

The US will cut aluminium tariffs to boost the defence supply chain, according to the Financial Times.

Chinese domestic futures closed mixed overnight, with PTA down over 2%, synthetic rubber up over 1%, and plastic and soybean meal up nearly 1%.

Base metals declined after renewed US-Iran hostilities raised concerns over global economic growth and industrial commodity demand.

Copper and aluminum prices rose as fading expectations for a Federal Reserve rate hike supported industrial metals.

Bloomberg Markets reports that South32 agreed to sell its aluminum assets to Alcoa Corp for an implied enterprise value of up to $5.6 billion.

India asked the EU for relief from planned curbs on metal scrap exports, citing potential supply tightness, higher costs, and undermining of trade pact gains.

Vitol shipped a stranded aluminum cargo out of the Strait of Hormuz, offering early supply relief after shortages from the Iran war.

SHFE reports weekly inventory changes for copper, aluminum, zinc, lead, nickel, tin, and natural rubber.

LME reports decreases across multiple base metal inventories.

China's National Development and Reform Commission announces plans to accelerate clean energy generation to cover new electricity demand growth and implement decarbonization actions across nine high-emission industries.

Norsk Hydro faces aluminum supply disruption after Qatalum ended a sales agreement due to Middle East tensions.