Aluminum Stockpiles Have Longest Drop in Six Years Led by Asia

Bloomberg reports that aluminum inventories extended their longest decline to six years led by removals in Asia.

The market news is quoted as saying,

Aluminum inventories in warehouses monitored by the London Metal Exchange fell 10,000 metric tons, or 0.2 percent, to 4.52 million tons, the lowest since Jan. 31. That was the 24th consecutive drop, the longest streak since March 14, 2005. Inventories had climbed to a record on May 18.

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