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Bloomberg reports that according to Harbor Intelligence, Aluminum prices are skyrocketing due to London Metal Exchange warehouse rules.
Bloomberg reports that according to Harbor Intelligence, Aluminum prices are skyrocketing due to London Metal Exchange warehouse rules.
The market news is quoted as saying:
Warehouses monitored by the LME, the world’s largest metals exchange, are obliged to deliver a minimum of 800 metric tons to 1,500 tons daily, even as global stockpiles of aluminum rose almost fivefold to 4.57 million tons since the end of 2007
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