Tag: aluminium inventory drop

LME aluminium prices surged to a 3.5-year high of $2,790/t, last seen in June 2022, driven by tightening supply and falling inventories. On-warrant stocks dropped 15% in a month to 398,775 t, highlighting strong demand. Adding pressure, Guinea revoked all mining licences from Guinea Alumina, raising concerns over bauxite supply disruptions to major producers like…