Is the LME running out of aluminium? Stock levels have fallen significantly – Stainless Espresso

Is the LME running out of aluminium? Stock levels have fallen significantly – Stainless Espresso

From steelnews.biz

LME stock levels of primary aluminium have fallen by almost 66% since June 2024, and the pitiful remains seem to consist almost entirely of unsaleable Russian aluminium. New demands: EU steel lobby wants to fuel inflation and destroy EU competitiveness.Is the LME running out of aluminium? Stocks have fallen significantly LME stocks of primary aluminium have fallen by almost 66% since June 2024 and now stand at just under 350,000 MT. Of these so-called ‘on warrant’ stocks in the official LME warehouses, approximately 60 to 70% are likely to be virtually unsaleable Russian primary aluminium that has been subject to ... (full story)

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