MARKET TALK: LME Aluminum Squeeze Surprises Given Stocks

With LME aluminum stocks at over 700,000 metric tons, "it's hard to believe there's a squeeze in a market that's this abudnant of material," says a broker. Metal continues to be attracted into warehouses amid a tightness in the nearby spreads, with a 12,625 tons stock rise seen. LME aluminum trades at $2,675/ton, down $10/ton overnight.