According to industry data released on the 28th by CBI Metal , as of the end of May, raw aluminum inventories in western countries fell to 1.409 million tons, and was revised to 1.410 million tons in April.
The International Aluminum Association (IAI) announced that at the end of May 2008, 1.696 million tons of unprocessed aluminum inventories were stockpiled.
Excluding finished aluminum, aluminum inventory at the smelter fell to 2.520 million tons as of the end of May, and was revised to 2.576 million tons in April, compared to 2.947 million tons in the same period of last year. (Source: Mandarin Finance)