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Markets

LME aluminium stocks fall below 1mn mark, lowest since March 2008

Published Updated

LONDON: Aluminium inventories in warehouses approved by the London Metal Exchange fell below 1 million tonnes for the first time since March 2008, LME data showed on Wednesday.

Aluminium stocks dropped 6,850 tonnes to 999,925 tonnes, according to the data, which tracks warehouse movements with a one-day lag.

Healthy demand has sent LME aluminium stocks sliding in recent years after touching a record peak of 5,492,000 tonnes on Feb. 15, 2014.

Copyright Reuters, 2018
 

 

 

 

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