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LME aluminium stocks hit record above 5 million tonne
Edited by : AL CIRCLE
1 min read
Reuters reported that stocks of aluminum in London Metal Exchange warehouses jumped 22,625 tonnes to hit a record high of 4,710,550 million tonnes.
Data showed that a backwardation or premium for the cash contract against the 3 month contract is attracting metal to LME warehouses.
Data showed that a backwardation or premium for the cash contract against the 3 month contract is attracting metal to LME warehouses.
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