Jan. 17 -- The London Metal Exchange, the world's largest metals marketplace, said aluminum trading remained "orderly," irrespective of evidence that more than 90 percent of the exchange's stockpiles is held by a single firm.
"We always monitor the market," spokesman Adam Robinson said today in a telephone interview. The holder of aluminum stockpiles is subject to the LME rules requiring the company to provide the metal to others at limited charges, Robinson said.
A single firm controls more than 90 percent of the exchange-monitored aluminum inventories as of Jan. 12, according to the exchange's data. Stockpiles rose 1.8 percent to 714,025 metric tons as of yesterday, the exchange said today in a report.
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