LME aluminum inventory in Gwangyang surges on Tue
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Update time : 2023-05-25 21:36:47
The inventory of aluminum in the London Metal Exchange (LME)’s Gwangyang warehouses soared by 20,875 tons on Tuesday, making the aluminum inventory in all global LME-registered warehouses amount to 575,875 tons. The aluminum stock in Gwangyang warehouses has increased obviously in recent months.
Warehouses in Gwangyang are a major place for aluminum storage, accounting for 41% of LME’s total inventories. The aluminum inventory at this location has risen by 38% since March 1 this year.
Japanese aluminium buyers recently agreed to pay premium above $170/t for Q3 shipments
