Industry News

Russian aluminium stocks share in LME warehouses shrink to 76% during Sept’23

Views : 144
Update time : 2023-10-16 18:00:06
According to a report on Tuesday, October 10, the share of Russian aluminium stocks in London Metal Exchange-approved warehouses fell to 76 per cent in September 2023 from 81 per cent in August. The actual amount of Russian stocks on the LME warrant decreased from 183,650 tonnes in August to 132,475 tonnes in September. Aluminium stocks available to the market in LME-registered warehouses are referred to as on-warrant.

Last month saw the highest decline of Russian aluminium stocks in LME-registered warehouses since the beginning of this year due to a significant cancellation of warrants in LME warehouses in South Korea's Gwangyang at the end of the said month.

The high share of Russian aluminium in LME warehouses was a concern for many companies competing with Rusal and those avoiding Russian metal since the conflict with Ukraine.

Related News
Read More >>
China's primary aluminum imports decline, exports surge in May China's primary aluminum imports decline, exports surge in May
Jun .26.2025
China's primary aluminum imports decline, exports surge in May
Taiwan's Yusco expects environmental issues to drive stainless steel demand Taiwan's Yusco expects environmental issues to drive stainless steel demand
Jun .26.2025
Taiwan's Yusco expects environmental issues to drive stainless steel demand
LME nickel returns to $15,000 level on expected Fed interest rate cut LME nickel returns to $15,000 level on expected Fed interest rate cut
Jun .26.2025
LME nickel returns to $15,000 level on expected Fed interest rate cut
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode
Jun .26.2025
Fujian Tsingtuo Special Steel achieves global first in stainless plate manufacturing with three-hot integration mode