Scarcity changes the LME warehousing game in Malaysia and elsewhere

WINDING DOWN IN PORT KLANG: Port Klang still holds the largest amount of aluminium in the LME warehouse network. Stocks, both registered and shadow, totalled 397,000 tonnes at the end of June, equivalent to 60% of total exchange-linked aluminium inventory. But that's a long way off the 1.7 million tonnes sitting the city's warehouses as recently as February last year.

LONDON: The London Metal Exchange's (LME) global warehousing network is shrinking rapidly, including Malaysia.

Over the past year the number of registered storage units has slumped from 604 to 472, the lowest in at least a decade, with the collective retreat reflecting the diminishing pool of metal to be stored.