28 JUNE 2012Tradingcharts.com
May World Aluminum Stocks dropped by 21,000 metric tons to 2.396 million tons
Edited by : AL CIRCLE
1 min read
Total world aluminum inventories in May dropped by 21,000 metric tons to 2.396 million tons, according to figures released Tuesday by the International Aluminum Institute.
World stocks in April stood at a revised 2.417 million tons.
May stocks were up 966,000 tons compared with the same month of 2011, when inventories were recorded at 1.43 million tons, the IAI said.
Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.
Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated (mill) products.
Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.
World stocks in April stood at a revised 2.417 million tons.
May stocks were up 966,000 tons compared with the same month of 2011, when inventories were recorded at 1.43 million tons, the IAI said.
Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.
Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated (mill) products.
Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.
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