EPISODE · Jun 16, 2026 · 17 MIN
Inside the LME Warehouse System — How to Read Metal Trade Flows for Free
from The Metalist · host Gus
Every business day, a free report comes out that smart-money metal traders watch closely — and almost nobody else knows exists. In Episode 2 of The Metalist, host Gus Gardner takes you inside the LME warehouse system: the global network of approved warehouses, what a "warrant" actually is, and why "cancelled warrants" are the signal everyone watches. You'll learn to read the daily stock report to understand where the world's metal is really moving — plus the wild story of the Detroit aluminum queue, and why a big inventory number doesn't always mean metal you can get.
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Inside the LME Warehouse System — How to Read Metal Trade Flows for Free
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