And no surprise that most of the aluminium is located at Malaysia's Port Klang, which has taken centre stage in the LME aluminium storage wars over the last couple of years. LME shadow stocks at Port Klang (pic) were 434,000 tonnes at the end of May, compared with registered stocks of 911,000 tonnes.
LONDON: The London Metal Exchange's (LME) new report on "shadow" stocks was greeted with a collective yawn by the industrial metals market.
The exchange's attempt to throw more light on inventories "did not hold any surprises and there was not a 'sea' of hidden metal", was a typical reaction from LME brokerage Kingdom Futures.
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