London Metal Exchange

LME aluminium stocks at Port Klang jump nearly 100,000 tonnes on Oct 30 to 366,850 tonnes

Companies that deliver metal for rent deals do not have to retain ownership of the metal

The deal marks the metal trader’s return to the London Metal Exchange warehousing industry

Cash prices on the London Metal Exchange have surged above futures, signalling a growing shortage in western markets

Prices have been lifted by a series of drastic supply disruptions

Tight supply, rising industrial demand and surging borrowing costs are keeping the metal’s prices near multi-year highs

Analysts expect US copper prices to remain elevated

The exchange is the world’s oldest and largest market for industrial metals

The fine is the first enforcement action the FCA has ever taken against a UK exchange