London Aluminum Market Faces Biggest Supply Squeeze in Decades

Aluminum inventories backing London Metal Exchange contracts have fallen to their lowest level in decades, with two traders controlling a significant portion of remaining stock. The supply tightness has created conditions described by market participants as a squeeze on aluminum buyers. LME aluminum inventories stood at approximately 500,000 metric tons as of early 2026, down from levels above 2 million metric tons in prior years.

• Bloomberg — London Aluminum Market Faces Biggest Supply Squeeze in Decades

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