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Russian aluminium's share of available LME stocks almost 100% in October

By Reuters News

LONDON, Nov 10 (Reuters) - The share of available Russian-origin aluminium stocks in London Metal Exchange warehouses remained at almost 100% in October, exchange data showed on Tuesday, leaving only 50 metric tons of Indian metal as an alternative.

  • Total available, or on-warrant, aluminium inventories fell 4% to 216,950 metric tons at the end of last month, the lowest since March 2025

  • Available Russian aluminium stocks fell by 9,725 tons to 216,900 tons last month, but their share of the total remained at 99.98% as Indian stocks, the only other origin material available, stood at just 50 tons

  • Many traders have shunned Russian metal even though material produced before April 13, 2024, remains eligible for trading. Aluminium made in Russia after that date was barred from the LME warehousing system to comply with Western sanctions

  • Meanwhile, the share of Chinese-made copper in available LME copper stocks fell to 11% at the end of October from 28% the previous month

  • Total available copper stocks rose to 246,150 tons from 131,450 tons at the end of September due to the inflow of metal to LME-registered warehouses in the US

  • The volume of available Chinese copper fell by 10,425 tons to 26,850 tons, while volumes from Democratic Republic of Congo increased by 49,875 to 86,400 tons, representing 35% of the total

  • The share of Chinese-origin nickel rose by 0.4 percentage point to 70% of available LME stocks at the end of October

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