Major Al cancellations trigger 183-day queue at Istim LME warehouses in Port Klang

The waiting time to deliver out aluminium at Istim’s London Metal Exchange warehouses in Port Klang, Malaysia, soared to 183 days at the end of March, according to the LME’s latest queue report.

The queue has built quickly over the past month, compared with no queue at the end of February for Istim warehouses in Port Klang for the first time since December 2018.

More than 600,000 tonnes were delivered into LME sheds in Port Klang in early March – this then led to a series of large cancellations which has caused...

Published

Alice Mason

April 12, 2021

11:42 GMT

London