World aluminum prices have increased by 30% since February in spite of the overhang of inventoried ingots in London Metal Exchange (LME) warehouses hit an all-time high "The current situation is bizarre," analyst Stephen Briggs at RBS in London tells the Financial Times. That's especially true since stocks are expected to surpass 5 million metric tons in the third quarter, up from less than 1 million between 2005 to 2008, as world demand lags behind supply even after large production cuts.
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