13 AUGUST 2024AlCircle.com
Despite Russian aluminium stocks growing to 65%, total LME warrant inventories decline in July
Edited by : Debanjali Sengupta
2 min read
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. 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.
However, it is to be noted that the total aluminium stocks on LME have been decreasing month-on-month. In July, the total stocks amounted to 359,250 tonnes, down by 22.99 per cent from 466,500 tonnes in June, whereas the stocks in May were at 590,975 tonnes.
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