Group 1 - The core viewpoint is that President Trump has not yet communicated with Canadian Prime Minister Carney today [1] - Trump expresses discontent with Canada's stance on the Palestinian state issue [1] - The Canadian perspective on this matter will not jeopardize the US-Canada trade agreement [1]

Core Viewpoint - Canada has recently announced its support for the establishment of a Palestinian state, which complicates trade agreement negotiations with the United States [1] Group 1 - The announcement from Canada is likely to create challenges in reaching a trade agreement with the U.S. [1]

Group 1 - The U.S. Ambassador to Canada expressed hope for a swift trade agreement between Canada and the United States [1]

Group 1: Investment Ratings - The investment rating for aluminum is "range-bound trading", and for alumina is "weak operation" [1] Group 2: Core Views - The report updates the fundamental data of aluminum and alumina, including futures market and spot market data, and also mentions some comprehensive news and trend intensities [1][3] Group 3: Summary by Related Catalogs Futures Market - **Aluminum**: The closing price of the Shanghai Aluminum main contract was 20,405, down 35 from the previous day; the LME Aluminum 3M closing price was 2,517, up 14. The LME注销仓单占比 was 8.37%, down 0.53%. The trading volume and open interest of the Shanghai Aluminum main contract decreased compared with the previous day [1] - **Alumina**: The closing price of the Shanghai Alumina main contract was 2,852, unchanged from the previous day. The trading volume decreased significantly, while the open interest increased slightly [1] Spot Market - **Aluminum**: The domestic aluminum ingot social inventory was 460,000 tons, down 3,000 tons from the previous day. The LME aluminum ingot inventory was 351,200 tons, down 2,000 tons. The electrolytic aluminum enterprise profit and loss was 3,545.81, down 24.92 [1] - **Alumina**: The domestic average alumina price was 3,267, down 20. The alumina price at Lianyungang's arrival port was 393 US dollars/ton, unchanged [1] Comprehensive News - Trump expects to reach a trade agreement between the US and Canada within "days" or "weeks" and sign a US-UK trade agreement. Iran officials hinted at negotiations to ease the conflict with Israel [1][3] Trend Intensity - The trend intensity of aluminum is 0, and that of alumina is also 0, both indicating a neutral outlook [3]

Group 1 - The USD/CAD exchange rate remains down by 0.2%, currently at 1.3555 [1] - U.S. President Trump believes he has a good relationship with Canadian Prime Minister Carney [1] - A trade agreement with Canada could be achieved in a matter of days or weeks [1] Group 2 - Excluding Russia from the G7 is considered a mistake by the U.S. [1]

Core Viewpoint - The potential for a U.S.-Canada trade agreement to be reached before the G7 summit next week is highlighted, with optimism expressed by U.S. Ambassador Pete Hoekstra regarding the relationship between the two countries [1]. Group 1 - U.S. Ambassador Pete Hoekstra's speech has generated enthusiasm, indicating a positive outlook on U.S.-Canada relations [1]. - A source suggests that the trade agreement could be finalized as early as next week, potentially before the G7 summit on June 15 [1]. - Canadian sources indicate that following Hoekstra's speech, Ottawa is aware of the necessary steps to take, emphasizing the critical nature of the next 48 to 72 hours for reaching an agreement [1].

Group 1 - The core viewpoint is that Canada is eager to reach a trade agreement with the United States [1]

Core Viewpoint - The Chairman of the White House Council of Economic Advisers, Miran, stated that Canada is eager to reach a trade agreement with the United States [1] Group 1 - Canada is actively seeking to establish a trade deal with the U.S. to enhance economic cooperation [1]