Outflows of Indian aluminium boost share of Russian metal in LME warehouses
Portfolio Pulse from
The share of Russian-origin aluminium in LME warehouses increased to 75% in February, while Indian-origin aluminium fell to 24%. This shift is due to Western consumers avoiding Russian metal post-Ukraine invasion. The LME has banned Russian metal produced after April 2024.
March 10, 2025 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The London Metal Exchange (LME) has seen a shift in aluminium stock origins, with Russian metal increasing to 75% and Indian metal decreasing to 24%. This is due to Western consumers' reluctance to purchase Russian metal post-Ukraine invasion.
The LME's role as a trading platform for metals is directly impacted by the origin of stocks in its warehouses. The increase in Russian aluminium stocks and decrease in Indian stocks reflect geopolitical influences and consumer preferences, but the LME itself is neutral in terms of stock price impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100