One Entity Controls a Huge Share of LME Aluminium Stocks- 18 November 2025

Up to 90% of the available LME aluminium inventory is reported to be held by a single party, according to LME data. Reuters+1

Such concentration raises questions over physical supply access, market transparency, and price risk. Reuters+1

LME positioning data showed between 80% and 90% of LME inventories of aluminium and zinc were each held by one party as of February 20.

“The LME is closely monitoring the tightness in these markets and has the necessary controls in place to ensure continued market orderliness,” the exchange told Reuters in an email.

The LME is owned by Hong Kong Exchanges and Clearing (0388.HK), opens new tab.

Total LME stocks of aluminium stand at 535,900 tons, but the LME bases its position data on inventories that are available and not cancelled – earmarked for impending shipment – which is 208,400 tons.

https://www.reuters.com