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Aug World Aluminum Stocks 2.437 Mln Tons, Up 81,000 Tons

Tuesday, Sep 28, 2010
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LONDON, Sep 27, 2010 (Dow Jones Commodities News via Comtex) --Total world aluminum inventories in August rose by 81,000 metric tons to 2.437 million metric tons, from 2.356 million tons in July, according to figures released Monday by the International Aluminum Institute.


August's figure is up 132,000 tons from the August 2009 inventory figure of 2.305 million tons.


Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.


Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated (mill) products.


Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.


Further clarification can be found in "A Guide to the IPAI Statistical System - Revised Aluminum Inventory Reporting Guidelines" (dated Oct. 28, 1999) which is available from the IAI.

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