LONDON, May 10 (Reuters) - The share of Russian
aluminium stocks in warehouses registered with the London Metal
Exchange (LME) fell slightly - to 52% of the total in April, or
256,125 tonnes, from 53% in March, data on the exchange's
website showed on Wednesday.
The aluminium market has been watching the share of Russian
metal, used in transport, construction and packaging, in
LME-registered warehouses this year as some consumers are
staying away from the Russian metal since Moscow invaded
Ukraine.
Overall aluminium stocks of the world's
oldest exchange and largest market for industrial metals are up
27% so far this year to 570,150 tonnes.
The LME has not banned Russian metals from being traded and
stored in its system, as there are no Western sanctions on the
metals or major Russian producers - aluminium producer Rusal or nickel and copper producer Nornickel .
The LME report also showed that as of April 30, the share of
Russian copper stocks fell to 36% from 49% in March, or 23,200
tonnes, while nickel declined slightly - to 20% from 21%, or
7,170 tonnes.
(Reporting by Polina Devitt; editing by Kirsten Donovan)
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