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In June, the share of Russian aluminum in LME storages fell as Indian metal rose.

LME data on Thursday showed that the proportion of aluminium stock of Russian origin registered in warehouses at the London Metal Exchange fell to 66% from 69% in may, but the proportion of Indian origin rose to 34%.

The LME has prohibited metal produced in Russia from its warehouse system after April 13, 2024 to comply with U.S., British and European sanctions imposed due to Russia's invasion of Ukraine 2022. Metal made before this date can still trade.

Stocks of aluminium with Russian origin, or those on warrant The end of June saw little change, with 221,875 tons. A LME warrant is an ownership document.

The data shows that the stocks of aluminium made in India rose from 97.950 tonnes to 114.150 tons.

The share of copper produced in Russia that is available on the LME Last month, the percentage dropped to 53% from 54%. The amount also fell from 39.350 tons to 31.225 tons.

The amount of copper produced in China dropped from 30,825 tons to 24,900 tonnes.

At the end of May, nickel made in China accounted for 63% of LME stock. (Reporting and editing by Jan Harvey; Polina Devlin)

(source: Reuters)