LME data revealed on Monday that the proportion of aluminium of Russian origin available in approved warehouses by the London Metal Exchange fell from 89% to 42% in may, from 89% in earlier months, and the percentage of Indian origin increased from 9% to 50%.

The LME banned all Russian aluminium and copper produced after April 13, in order to comply with U.S. sanctions and UK sanctions over Russia's invasion of Ukraine 2022.

The LME registered warehouses with all origins registered on the LME's register of On-Warrant Aluminium stocks increased four-fold in May The data released on Monday revealed that most of the inflows were of Indian origin.

The data revealed that Russian primary aluminum stocks on LME warrants - title documents conferring ownership- grew to 246,950 tons in May from 116.325 tons in April. The data showed that stocks of Indian origin increased to 293,325 tonnes from 12,275.

The majority of the inflow of aluminium inventories in May was in Malaysian warehouses registered with the LME. Sources claim that the activity was mostly linked to financial deals made by warehouse operators and trading houses.

LME data for May showed that all Russian aluminium, copper and nickel was stored on its system under a Type 1 Warrant - issued before or on April 12

LME reported that the share of Russian-origin stocks dropped to 40% from 50% in May, while the amount of Russian Copper in inventories decreased to 44,525 tonnes from 47,350 tonnes.

The share of Russian Nickel fell to 31% in May, from 33% in April. This is a drop from 24,810 to 24,204 tonnes. (Reporting and editing by Jason Neely, Susan Fenton and Polina Devtt)