Toke Group has built sizable long positions in LME aluminum and is a key
participant in an intensifying inventory-driven squeeze, sources said. LME data
show several institutions hold large longs in short-dated aluminum contracts
ahead of the November front-month expiry next Wednesday. While modest by
historical absolute standards, the combined longs in the November contract
exceed the exchange's current available stocks of 226,350 tonnes — the lowest
LME inventory since 1990.
