LME off-warrant stocks near 2mln tonnes; aluminium volumes rise 2.3%

The London Metal Exchange’s latest off-warrant stock data showed an increase of 3.9% in material held outside the LME warehouse network in November 2020.

The amount of metal held off-warrant increased by 72,640 tonnes in November, a similar rise to that seen in October, when it rose by 78,092 tonnes.

Data collected by the LME showed there was a total of 1.96 million tonnes of metal held off-warrant in November, up from 1.83 million tonnes in the previous month.

Aluminium continued to be the largest contingent of metal stored out of LME warehouses, with a total of 1.66 million tonnes, or 86% of the total.

The data is released with a one-month delay and reflects stock levels as of the end of November 2020.

Key information


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Ana de Liz

January 14, 2021

14:13 GMT