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August's figure is down 718,000 tons from the August 2008 inventory figure of 3.024 million tons.
The IAI details inventories as follows, in thousands of tons:
August '09 July '09 August '08 Africa 84 87* 98 North America 561 558 773 Latin America 191 189 239 Asia 314 321 347 Europe 1052 1002* 1416 Oceania 104 97 151 Total 2,306 2,254 3,024
'*' denotes a revised figure
NOTE: The data included in this IAI Statistical Report have been derived exclusively from returns by the primary aluminum producers themselves. These producers may be either Members of the IAI or Official Correspondents, the latter being enterprises possessing, or which have possessed, effective control over primary aluminum production but which are not Members. Official Correspondents are approved by the Board of the Institute.
Neither sources outside the industry nor estimates are used.
Unwrought aluminum is aluminum in its basic cast form made from primary metal or from scrap and which is unworked in the metallurgical sense.
Total aluminum is unwrought aluminum plus unprocessed scrap, metal in process and finished semi-fabricated (mill) products.
Unwrought and total aluminum inventories are all relevant inventories over which primary aluminum producers have some degree of control, with the exception of metal included in LME or COMEX stock reports.
Further clarification can be found in "A Guide to the IPAI Statistical System - Revised Aluminum Inventory Reporting Guidelines" (dated Oct. 28, 1999) which is available from the IAI.
-By Devon Maylie, Dow Jones Newswires; +44 (0)20 7842 9483; devon.maylie@dowjones.com
(END) Dow Jones Newswires
09-28-09 0609ET
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