Russian aluminium stocks rise to 67% in LME warehouses, Indian share declines
According to data from the London Metal Exchange (LME) released on September 10, 2024, the proportion of aluminium stocks of Russian origin in LME-approved warehouses increased to 67 per cent in August, up from 65 per cent in July.
The share of aluminium originating from India dropped to 31 per cent from its previous 33 per cent, according to the data.
In August, China held the largest share of copper inventories at 56 per cent, with Russian material making up 16 per cent of the total.
The share of Russian aluminium stocks on the London Metal Exchange-approved warehouses continued to increase in July 2024, accounting for 65 per cent of the total stocks reported in August, 2024. In June, the share of stocks of Russian origin on the London Metal Exchange was 50 per cent after rising from 42 per cent in May.
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