Longtime readers of MetalMiner may recall a number of aluminum posts we have put out over the years since the financial crisis that explores shadow stocks or the “stock and finance trade” inventory that have referred to the murky world of “off-warrant,” or non-exchange, reserves of aluminum. Those reserves are often hard to determine in terms of location, volume, or ownership.
They have remained an enduring feature of the global aluminum market. The market’s perception of their size and the possibility of their delivery…Aluminum Inventories Have Fallen To Critical Levels
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