Russian aluminium's share of available LME stocks almost 100% in October
XLB•Russian-origin aluminium made up 99.98% of available LME aluminium stocks at the end of October, with only 50 metric tons of Indian metal available. Total available aluminium stocks fell 4% to 216,950 tons.
1. LME stocks in October
Available Russian-origin aluminium stocks fell by 9,725 tons to 216,900 tons, leaving their share of available LME aluminium stocks at 99.98%. Total available aluminium inventories fell 4% to 216,950 tons, their lowest level since March 2025, while Indian stocks stood at 50 tons. Russian aluminium produced before April 13, 2024, remains eligible for LME trading; later production is barred from the exchange’s warehousing system.
2. Copper and nickel stocks
Chinese-made copper fell to 11% of available LME copper stocks at the end of October, from 28% a month earlier. Total available copper stocks rose to 246,150 tons from 131,450 tons, as stocks from the Democratic Republic of Congo increased by 49,875 tons to 86,400 tons, or 35% of the total. Chinese-origin nickel rose 0.4 percentage point to 70% of available stocks.
