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CALLING ALL RUSSIAN ALUMINIUM SPOTTERS

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By John Helmer, Moscow

Following last week’s report [1] on the stockpiling of aluminium belonging to United Company Rusal, a source close to the London Metal Exchange has written to say he recalls a similar scheme for storing Russian aluminium in Estonia a decade ago. He reports that the warehouse used was located in Tallinn and had been known as Albatros Warehousing. By the start of 2000 Albatros Warehousing was in trouble [2] with the LME and in the UK High Court. “During the late 1990s-early 2000, Albatross was a private company in Tallinn. It seems to have disappeared (perhaps acquired) in the early 2000s. They used bright orange in their logo, and it was very recognisable.” By May of 2000, the LME delisted Albatros and ordered its aluminium transferred to other warehouses.