WeChat
Resource

Resource

Home > Resource > India Replaced Russia As The Dominant LME Aluminium Stock

India Replaced Russia As The Dominant LME Aluminium Stock

Jun. 20, 2024

The London Metal Exchange (LME) reported a significant shift in the global aluminium market, with the share of Russian aluminium stocks in LME warehouses falling sharply from 89 per cent in April to 42 per cent in May. At the same time, Indian aluminum inventories surged to 50%, up from 9% previously.


This redistribution underscores the changing dynamics of the global metals trade, which can be influenced by geopolitical factors. The decrease in Russian aluminum may indicate a broader market correction or regulatory impact, while the increase in India's share highlights the country's expanding role in the global aluminum supply chain.


The LME's decision to ban all imports of aluminium, copper and nickel from Russia from April 13, in line with sanctions imposed by the US and UK over the Russia-Ukraine geopolitical crisis, has led to a significant change in stock levels.


OUR ADVANTAGES

Smoothness

There is no residual stress on the surface and no deformation after shearing

Weather resistance

The paint pattern made by roller coating and high temperature baking has high gloss, good color stability and little color difference change

Decorative

There is a fresh natural beauty, the pattern is casual and do, give customers a wide range of personality choices, can enrich the culture of the product, give people more beautiful enjoyment.

Environmental Protection

Resistant to salt, alkali and acid rain corrosion, will not corrode or produce toxic bacteria, does not release any toxic gases.

Mechanical

ACP after composite with plastic and adhesive. With the flexural and flexural strength required by the decorative plate, in the four seasons climate, the change of wind pressure, temperature, humidity and other factors will not cause bending, deformation,expansion and so on.