MARKET TALK: LME Aluminum Stocks Up; Consumer Demand Dn

A massive 17,525-metric-tons jump in LME aluminum stocks, including 14,000 tons in Detroit, is likely to be the result of a downturn in demand for metal from the auto sector, a broker says. "Consumers and merchants are dumping their positions before the year-end," he adds. A 3,775 tons rise comes in South Korea's Busan. LME aluminum largely shrugs off the increase and trades at $2,787.50/ton, up slightly from $2,764/ton overnight.