Indian aluminium inventories climbed sharply from 25,050 tonnes in April to 97,950 tonnes in May, and further to 114,150 tonnes in June. This rise boosted India’s share of total LME primary aluminium stocks to 34 per cent in June, up from 30 per cent in May and just 10 per cent in April, underscoring the growing global presence of Indian metal.
In contrast, Russian-origin aluminium inventories at the LME have remained fairly stable in absolute terms over the past three months but have seen a marked decline in their share of total stocks. In April 2025, Russian aluminium made up 223,900 tonnes of the 250,875 tonnes total inventory, accounting for roughly 89.2 per cent. By May, the volume slightly dipped to 221,925 tonnes, and the share dropped to 68.9 per cent of the increased total stock of 321,850 tonnes. In June, Russian stocks marginally fell again to 221,875 tonnes, but their share declined further to 65.6 per cent of the total 338,000 tonnes.
