Indian aluminium rises while Russian share falls in LME warehouses – what’s driving the shift in June 2025?

Primary aluminium inventories registered with the London Metal Exchange (LME) continued to rise in June, reaching 338,000 tonnes, up from 321,850 tonnes in May and 250,875 tonnes in April. This steady increase in stock levels was largely driven by a significant surge in Indian-origin aluminium entering LME warehouses.
Image for representational purpose
Indian aluminium inventories climbed sharply from 25,050 tonnes in April to 97,950 tonnes in May, and further to 114,150 tonnes in June. This rise boosted India’s share of total LME primary aluminium stocks to 34 per cent in June, up from 30 per cent in May and just 10 per cent in April, underscoring the growing global presence of Indian metal.
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