Industry News

LME aluminum stock rises with inflows into South Korea

Views : 92
Update time : 2023-08-25 15:26:43
The aluminum inventory in the LME-registered warehouses hiked to the highest since July 12 after around 38,700 tons of aluminum flowed into the South Korean port of Gwangyang. With the inflow, the LME’s aluminum inventory rose by 8% to approximately 530,000 tons.

Besides, after the hydropower supply improved, aluminum production in Yunnan, one of the biggest aluminum-producing regions in China, has also been rising, with output reaching near all-time high in July.

The increase in inventories could indicate a metal oversupply in the market. Investors have been worried about weak metals demand in China.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices