LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a rise in the inventory levels of Copper and Nickel, while the stock levels of Lead remained unchanged for a third day in a row. On the other hand, the inventory levels of Aluminium and Zinc declined.

Copper stocks increased by 350 tonnes, while nickel inventories rose by 582 tonnes. On the other hand, aluminium inventories witnessed a massive drawdown of 9900 tonnes, while zinc stocks got subtracted by 1875 tonnes.