Here’s why India needs an LME warehouse to support the AL business
Anuj Bareja, Founder and Managing Director of Asier Metals Private Ltd, stated at the LME Mumbai Forum on January 27, 2025, that establishing London Metal Exchange (LME) warehouses in India could help mitigate the carbon footprint associated with transporting aluminium. With sustainability measures concerning aluminium and the future implementation of the EU Carbon Border Adjustment Mechanism (CBAM) levies, having these warehouses locally would eliminate the need to transport aluminium to LME-registered facilities in Southeast Asia for storage and delivery.
“Why does India need to ship out 1.5 million tonnes of aluminium to Southeast Asia? Are we not burning fuel?” Bareja said, emphasising the need for LME warehouses in India where the metal can be stored and drawn out domestically.
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