Russia’s aluminum stock share in LME’s warehouses grows to 79.5% in Oct
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Update time : 2023-11-13 15:24:57
In warehouses approved by the London Metal Exchange (LME), the proportion of available Russian-origin aluminum stocks rose to 79.5% in October from 76% in September.
The high share of Russian-origin aluminum in the LME-approved warehouses has been worrying some producers competing with Rusal and Western consumers who have stopped purchasing Russian metals since Moscow’s invasion of Ukraine in 2022.
According to LME’s data, the actual Russian aluminum inventories on LME warrants increased by 22.3% month on month, reaching 162,050 tons in October.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
