Russian Aluminum Stockpiles Undermine LME’s Credibility ...Middle East

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Russian Aluminum Stockpiles Undermine LME’s Credibility
source : OILPRICE ( Middle East ) () 38
Via AG Metal Miner It’s no news that the London Metal Exchange (LME) has seen a big rise in Russian aluminum inventories in its warehouses. However, the surge in Russian metal remains a big source of concern for the business. After all, it could potentially affect aluminum prices on the exchange, which producers, consumers and traders often use as a benchmark for contracts. Rusal, a Russian aluminum manufacturer, accounts for 5.4% of the world’s total aluminum supply. Many expect the company’s output to total around…

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