South Korea’s Gwangyang is the new LME aluminium battleground

By ANDY HOME

Gwangyang now holds 70% of live stocks in the LME system. — Reuters

THE South Korean port of Gwangyang has emerged as the new hub for storing London Metal Exchange (LME) aluminium.

LME-registered warehouses in the city currently hold 256,650 tonnes of aluminium, accounting for 49% of all the light metal sitting in the exchange’s global warehouse network.

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aluminium , storage , lme , gwangyang , russia , rusal , glencore , istim , portklang , weakdemand , supercontango , warehousewars

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