LME Inventory Update

FXStreet (Mumbai) - The warehouse stocks data released daily by the London Metal Exchange (LME) showed a drop in the inventory levels of most base metals viz., Copper, Zinc, Lead and Aluminium. While Nickel inventories witnessed a built-up.

Copper stocks decreased by 2975 tonnes. While Aluminium inventories subtracted 5725 tonnes. Stock levels of lead and zinc deducted 3650 tonnes and 2675 tonnes respectively. On the contrary, Nickel stocks added 228 tonnes.