Share of Russian aluminium in LME warehouses falls in June as Indian metal rises. Russian-origin aluminium made up 66 % of available London Metal Exchange (LME) inventories in June, down three points from May, while Indian metal climbed to 34 %, the exchange’s latest data show.
The LME figures, released on Thursday, put Russian aluminium on warrant at 221,875 metric tonnes, little changed month on month despite the percentage fall. By contrast, stocks of India-made aluminium grew to 114,150 tonnes from 97,950 tonnes.
Metal produced in Russia after 13 April 2024 is barred from LME warehouses under U.S. and British sanctions over Moscow’s 2022 invasion of Ukraine, but material made earlier may still be traded.
Russian copper’s share of available LME stocks slipped to 53 % in June from 54 %, with volumes narrowing to 31,225 tonnes from 39,350.
China-made copper accounted for 42 %, its tonnage dropping to 24,900 tonnes from 30,825.
For nickel, Chinese-origin metal represented 63 % of available stocks at the end of June, up from 59 % in May, the data showed.
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