LME off-warrant stock rises 8%; nearly 1 million tonnes now in Asia

The London Metal Exchange’s latest data shows a rise of 109,968 tonnes of off-warrant stock available outside of the LME network, including nearly 70,000 tonnes more aluminium.

The data, released on August 10, reports on the stock level as of the end of June. The data is released with a one-month delay.

As of the end of June, there was a total of 1,349,524 tonnes of metal recorded by the LME as being off-warrant – up from 1,239,556 tonnes at the end of May 2020. Of the off-warrant stocks, 79% are recorded as aluminium.

Asia holds 923,874 tonnes of the...


Alice Mason

August 12, 2020

11:08 GMT