LONDON (AFX) - Worldwide stocks of aluminium fell to their lowest level for nearly four years in October to 2.876 mln tonnes from 2.886 mln in September, according to the International Aluminium Institute (IAI)
The figures exclude stocks from China, Russia or Iran, which do not provide figures to the IAI
Global stocks fell 0.35 pct in October from September and 10.9 pct from October 2005 when they stood at 3.229 mln tonnes, the IAI said
Europe, which holds more than 40 pct of the world's aluminium supplies, saw stocks rise 0.5 pct in October from September, but fall 17.2 pct year-on-year
In North America, which has 30 pct of world supplies, stocks were unchanged on the month, but down 8.9 pct year-on-year. In Asia, which holds 12 pct of world supplies, stocks fell 5.7 pct over the month and 13.3 pct over the year
In Latin America, stocks fell 8.5 pct on the month, but were unchanged year-on-year. In Africa, stocks rose 19.2 pct on the month and 46 pct year-on-year. In Oceania, stocks rose 4.6 pct on the month and were down 2.8 pct from a year earlier
Stocks of unprocessed alumina were little changed in October from September at 1.601 mln tonnes, and were down 10.2 pct year-on-year.
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